YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Hits New 52-Week Low – Time to Sell?

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $22.54 and last traded at $22.54, with a volume of 327554 shares traded. The stock had previously closed at $25.38.

YieldMax TSLA Option Income Strategy ETF Trading Down 14.3%

The stock has a 50-day moving average price of $28.22 and a 200 day moving average price of $30.89.

Institutional Trading of YieldMax TSLA Option Income Strategy ETF

A hedge fund recently raised its stake in YieldMax TSLA Option Income Strategy ETF stock. FNY Investment Advisers LLC raised its stake in YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) by 821.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 27,640 shares of the company’s stock after buying an additional 24,640 shares during the quarter. FNY Investment Advisers LLC owned about 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.