YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Stock Price Down 4% – Time to Sell?

Shares of YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) fell 4% on Monday . The company traded as low as $8.20 and last traded at $8.18. 2,603,379 shares changed hands during mid-day trading, a decline of 43% from the average session volume of 4,573,921 shares. The stock had previously closed at $8.52.

YieldMax TSLA Option Income Strategy ETF Price Performance

The firm has a 50 day moving average price of $11.60 and a 200 day moving average price of $13.18.

Institutional Trading of YieldMax TSLA Option Income Strategy ETF

Institutional investors have recently made changes to their positions in the business. ORG Partners LLC grew its position in shares of YieldMax TSLA Option Income Strategy ETF by 348.2% during the fourth 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 purchased a new stake in shares of YieldMax TSLA Option Income Strategy ETF during the fourth quarter worth about $95,000. Finally, Sunbelt Securities Inc. grew its position in shares of YieldMax TSLA Option Income Strategy ETF by 5,804.0% during the third quarter. Sunbelt Securities Inc. now owns 205,340 shares of the company’s stock worth $2,930,000 after purchasing an additional 201,862 shares in the last quarter.

YieldMax TSLA Option Income Strategy ETF Company Profile

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.