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

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) shares hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as $20.27 and last traded at $19.4250, with a volume of 191,943 shares changing hands. The stock had previously closed at $21.86.

YieldMax TSLA Option Income Strategy ETF Stock Down 12.7%

The firm has a fifty day simple moving average of $22.23 and a 200-day simple moving average of $27.35.

Institutional Inflows and Outflows

An institutional investor recently raised its position in YieldMax TSLA Option Income Strategy ETF stock. NFSG Corp boosted its position in YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) by 34.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,584 shares of the company’s stock after buying an additional 1,166 shares during the quarter. NFSG Corp’s holdings in YieldMax TSLA Option Income Strategy ETF were worth $99,000 as of its most recent filing with the Securities and Exchange Commission (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.