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

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $9.54 and last traded at $9.61, with a volume of 6205766 shares trading hands. The stock had previously closed at $9.97.

YieldMax TSLA Option Income Strategy ETF Stock Up 3.3 %

The company’s 50 day simple moving average is $13.20 and its two-hundred day simple moving average is $13.62.

Hedge Funds Weigh In On YieldMax TSLA Option Income Strategy ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ORG Partners LLC lifted its stake in YieldMax TSLA Option Income Strategy ETF by 348.2% during the 4th quarter. ORG Partners LLC now owns 2,658 shares of the company’s stock valued at $38,000 after acquiring an additional 2,065 shares during the period. FNY Investment Advisers LLC acquired a new position in YieldMax TSLA Option Income Strategy ETF during the fourth quarter valued at $95,000. Finally, Sunbelt Securities Inc. boosted its holdings in YieldMax TSLA Option Income Strategy ETF by 7.0% in the fourth quarter. Sunbelt Securities Inc. now owns 219,734 shares of the company’s stock valued at $3,237,000 after purchasing an additional 14,394 shares during 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.