YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Sets New 52-Week Low – What’s Next?

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) shares hit a new 52-week low 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 Stock Performance

The business has a 50 day moving average price of $35.62 and a 200-day moving average price of $39.03.

YieldMax TSLA Option Income Strategy ETF Cuts Dividend

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

Hedge Funds 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 raised its position in YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) by 93.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,899 shares of the company’s stock after purchasing an additional 9,619 shares during the period. Captrust Financial Advisors’ holdings in YieldMax TSLA Option Income Strategy ETF were worth $163,000 at the end of the most recent reporting period.

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.