YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Shares Gap Up – Should You Buy?

Shares of YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLYGet Free Report) gapped up prior to trading on Monday . The stock had previously closed at $8.42, but opened at $8.99. YieldMax TSLA Option Income Strategy ETF shares last traded at $8.84, with a volume of 2,246,544 shares trading hands.

YieldMax TSLA Option Income Strategy ETF Price Performance

The firm has a 50-day moving average of $7.82 and a 200-day moving average of $8.24.

Institutional Investors Weigh In On YieldMax TSLA Option Income Strategy ETF

Hedge funds have recently added to or reduced their stakes in the stock. ORG Wealth Partners LLC purchased a new stake in YieldMax TSLA Option Income Strategy ETF during the 1st quarter valued at $27,000. Cambridge Investment Research Advisors Inc. raised its stake in YieldMax TSLA Option Income Strategy ETF by 25.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 35,311 shares of the company’s stock valued at $291,000 after buying an additional 7,154 shares during the last quarter. Sunbelt Securities Inc. raised its stake in YieldMax TSLA Option Income Strategy ETF by 7.0% during the 4th quarter. Sunbelt Securities Inc. now owns 219,734 shares of the company’s stock valued at $3,237,000 after buying an additional 14,394 shares during the last quarter. OLD Mission Capital LLC purchased a new stake in YieldMax TSLA Option Income Strategy ETF during the 1st quarter valued at $544,000. Finally, Captrust Financial Advisors raised its stake in YieldMax TSLA Option Income Strategy ETF by 93.6% during the 2nd quarter. Captrust Financial Advisors now owns 19,899 shares of the company’s stock valued at $163,000 after buying an additional 9,619 shares during the last quarter.

About YieldMax TSLA Option Income Strategy ETF

(Get Free Report)

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.

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