YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Stock Price Down 10.6% – What’s Next?

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY)’s share price fell 10.6% on Monday . The company traded as low as $8.02 and last traded at $7.90. 2,977,799 shares were traded during mid-day trading, a decline of 34% from the average session volume of 4,537,692 shares. The stock had previously closed at $8.84.

YieldMax TSLA Option Income Strategy ETF Stock Up 7.1 %

The company has a fifty day moving average of $12.18 and a 200-day moving average of $13.37.

Institutional Trading of YieldMax TSLA Option Income Strategy ETF

A number of institutional investors have recently made changes to their positions in TSLY. ORG Partners LLC lifted its stake in YieldMax TSLA Option Income Strategy ETF by 348.2% in the 4th quarter. ORG Partners LLC now owns 2,658 shares of the company’s stock worth $38,000 after purchasing an additional 2,065 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of YieldMax TSLA Option Income Strategy ETF in the fourth quarter valued at approximately $95,000. Finally, Sunbelt Securities Inc. lifted its position in YieldMax TSLA Option Income Strategy ETF by 7.0% during the fourth quarter. Sunbelt Securities Inc. now owns 219,734 shares of the company’s stock worth $3,237,000 after buying an additional 14,394 shares in the last quarter.

About YieldMax TSLA Option Income Strategy ETF

The YieldMax TSLA Option Income Strategy ETF (TSLY) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund seeks to provide current income and capped gains on the Tesla stock (TSLA) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options.