YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Sees Large Volume Increase – What’s Next?

Shares of YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) saw unusually-high trading volume on Monday . Approximately 2,871,865 shares traded hands during trading, an increase of 16% from the previous session’s volume of 2,465,478 shares.The stock last traded at $8.51 and had previously closed at $8.07.

YieldMax TSLA Option Income Strategy ETF Stock Up 2.1 %

The company has a 50 day simple moving average of $11.05 and a 200-day simple moving average of $13.00.

Institutional Investors Weigh In On YieldMax TSLA Option Income Strategy ETF

Several institutional investors have recently bought and sold shares of the company. ORG Partners LLC grew its holdings in shares of YieldMax TSLA Option Income Strategy ETF by 348.2% in 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 in the last quarter. FNY Investment Advisers LLC acquired a new position in YieldMax TSLA Option Income Strategy ETF during the fourth quarter valued at approximately $95,000. Finally, Sunbelt Securities Inc. grew its stake in YieldMax TSLA Option Income Strategy ETF by 5,804.0% in the third quarter. Sunbelt Securities Inc. now owns 205,340 shares of the company’s stock valued at $2,930,000 after purchasing an additional 201,862 shares in the last quarter.

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.