YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Sets New 12-Month Low – What’s Next?

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $34.18 and last traded at $34.4440, with a volume of 545864 shares changing hands. The stock had previously closed at $35.52.

YieldMax TSLA Option Income Strategy ETF Stock Down 2.7%

The company has a fifty day moving average of $37.93 and a 200-day moving average of $39.86.

YieldMax TSLA Option Income Strategy ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 30th. Shareholders of record on Thursday, January 29th will be issued a $0.3183 dividend. The ex-dividend date is Thursday, January 29th. This represents a yield of 4,890.0%.

Institutional Trading of YieldMax TSLA Option Income Strategy ETF

A hedge fund recently raised its stake in YieldMax TSLA Option Income Strategy ETF stock. Captrust Financial Advisors grew its holdings in YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) by 93.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,899 shares of the company’s stock after purchasing an additional 9,619 shares during the quarter. Captrust Financial Advisors’ holdings in YieldMax TSLA Option Income Strategy ETF were worth $163,000 as of its most recent SEC filing.

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.