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

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $27.15 and last traded at $27.28, with a volume of 333436 shares. The stock had previously closed at $28.66.

YieldMax TSLA Option Income Strategy ETF Stock Down 2.9%

The company’s fifty day simple moving average is $29.77 and its 200-day simple moving average is $33.54.

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 stake in shares of YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) by 93.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 SEC filing.

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.