YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Reaches New 52-Week Low – Should You Sell?

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $31.38 and last traded at $32.1120, with a volume of 258322 shares changing hands. The stock had previously closed at $32.35.

YieldMax TSLA Option Income Strategy ETF Price Performance

The stock’s 50-day simple moving average is $35.62 and its 200 day simple moving average is $39.03.

YieldMax TSLA Option Income Strategy ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 26th were given a dividend of $0.3183 per share. This represents a dividend yield of 4,984.0%. The ex-dividend date of this dividend was Thursday, February 26th.

Institutional Trading of YieldMax TSLA Option Income Strategy ETF

A hedge fund recently raised its stake in YieldMax TSLA Option Income Strategy ETF stock. Captrust Financial Advisors raised its position in YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) by 93.6% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 19,899 shares of the company’s stock after buying an additional 9,619 shares during the quarter. Captrust Financial Advisors’ holdings in YieldMax TSLA Option Income Strategy ETF were worth $163,000 as of its most recent filing with the SEC.

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. TSLY was launched on Oct 22, 2022 and is managed by YieldMax.