YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Short Interest Up 19.5% in January

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 1,752,790 shares, a growth of 19.5% from the January 15th total of 1,466,977 shares. Approximately 5.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 914,136 shares, the days-to-cover ratio is presently 1.9 days. Based on an average daily trading volume, of 914,136 shares, the days-to-cover ratio is presently 1.9 days. Approximately 5.9% of the shares of the stock are sold short.

YieldMax TSLA Option Income Strategy ETF Stock Down 1.2%

Shares of NYSEARCA TSLY traded down $0.42 during midday trading on Tuesday, reaching $33.31. 907,722 shares of the stock traded hands, compared to its average volume of 906,142. The company’s 50 day moving average is $36.81 and its 200 day moving average is $39.39. YieldMax TSLA Option Income Strategy ETF has a one year low of $31.83 and a one year high of $61.35.

YieldMax TSLA Option Income Strategy ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, February 13th. Shareholders of record on Thursday, February 12th were given a dividend of $0.3183 per share. The ex-dividend date was Thursday, February 12th. This represents a yield of 5,124.0%.

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 shares of YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) by 93.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,899 shares of the company’s stock after buying an additional 9,619 shares during the quarter. Captrust Financial Advisors’ holdings in YieldMax TSLA Option Income Strategy ETF were worth $163,000 at the end of the most recent reporting period.

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.