YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Hits New 12-Month Low – What’s Next?

Shares of YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) hit a new 52-week low during trading on Friday . The stock traded as low as $29.35 and last traded at $29.35, with a volume of 70109 shares traded. The stock had previously closed at $29.88.

YieldMax TSLA Option Income Strategy ETF Stock Down 1.2%

The stock has a 50 day moving average of $33.25 and a 200 day moving average of $38.02.

YieldMax TSLA Option Income Strategy ETF Cuts Dividend

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

Institutional Investors Weigh In On YieldMax TSLA Option Income Strategy ETF

An institutional investor recently raised its position in YieldMax TSLA Option Income Strategy ETF stock. Captrust Financial Advisors increased its holdings in shares of YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) by 93.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,899 shares of the company’s stock after acquiring an additional 9,619 shares during the quarter. Captrust Financial Advisors’ holdings in YieldMax TSLA Option Income Strategy ETF were worth $163,000 at the end of the most recent 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. TSLY was launched on Oct 22, 2022 and is managed by YieldMax.