YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Shares Up 4.4% – Here’s What Happened

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY)’s share price was up 4.4% during trading on Friday . The stock traded as high as $35.57 and last traded at $35.6760. Approximately 357,602 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 844,670 shares. The stock had previously closed at $34.18.

YieldMax TSLA Option Income Strategy ETF Stock Up 4.8%

The business’s 50 day moving average is $37.88 and its two-hundred day moving average is $39.82.

YieldMax TSLA Option Income Strategy ETF Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 29th will be issued a dividend of $0.3183 per share. The ex-dividend date of this dividend is Thursday, January 29th. This represents a dividend yield of 4,935.0%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in YieldMax TSLA Option Income Strategy ETF stock. Captrust Financial Advisors lifted its position in YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) by 93.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 19,899 shares of the company’s stock after purchasing an additional 9,619 shares during the period. Captrust Financial Advisors’ holdings in YieldMax TSLA Option Income Strategy ETF were worth $163,000 as of its most recent SEC filing.

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.