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

Shares of YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) hit a new 52-week low during trading on Friday . The company traded as low as $29.35 and last traded at $29.35, with a volume of 70109 shares trading hands. The stock had previously closed at $29.88.

YieldMax TSLA Option Income Strategy ETF Trading Down 1.2%

The business has a 50-day moving average price of $33.25 and a two-hundred day moving average price of $38.02.

YieldMax TSLA Option Income Strategy ETF Cuts Dividend

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

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 lifted its position in shares of YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) by 93.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 19,899 shares of the company’s stock after acquiring an additional 9,619 shares during the period. Captrust Financial Advisors’ holdings in YieldMax TSLA Option Income Strategy ETF were worth $163,000 as of its most recent filing with the SEC.

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.