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

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

YieldMax TSLA Option Income Strategy ETF Trading Down 4.8%

The firm’s fifty day moving average is $29.58 and its 200-day moving average is $32.83.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in YieldMax TSLA Option Income Strategy ETF stock. FNY Investment Advisers LLC lifted its holdings in YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) by 821.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,640 shares of the company’s stock after acquiring an additional 24,640 shares during the quarter. FNY Investment Advisers LLC owned approximately 0.09% of YieldMax TSLA Option Income Strategy ETF worth $1,037,000 at the end of the most recent reporting period.

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. TSLY was launched on Oct 22, 2022 and is managed by YieldMax.