YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Reaches New 52-Week Low – Here’s What Happened

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $26.66 and last traded at $26.77, with a volume of 377655 shares. The stock had previously closed at $28.10.

YieldMax TSLA Option Income Strategy ETF Trading Down 1.2%

The business’s fifty day moving average price is $29.52 and its two-hundred day moving average price is $32.65.

Institutional Trading of YieldMax TSLA Option Income Strategy ETF

A hedge fund recently raised its position in YieldMax TSLA Option Income Strategy ETF stock. FNY Investment Advisers LLC raised its position in shares of YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) by 821.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,640 shares of the company’s stock after purchasing an additional 24,640 shares during the quarter. FNY Investment Advisers LLC owned 0.09% of YieldMax TSLA Option Income Strategy ETF worth $1,037,000 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.