YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Trading Down 1.6%

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) shares fell 1.6% on Wednesday . The stock traded as low as $13.15 and last traded at $13.30. 638,724 shares were traded during mid-day trading, a decline of 53% from the average session volume of 1,358,973 shares. The stock had previously closed at $13.52.

YieldMax TSLA Option Income Strategy ETF Price Performance

The firm has a 50-day moving average price of $15.32 and a two-hundred day moving average price of $15.59.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC increased its stake in shares of YieldMax TSLA Option Income Strategy ETF by 1,494.5% in the fourth quarter. International Assets Investment Management LLC now owns 43,850 shares of the company’s stock valued at $523,000 after buying an additional 41,100 shares in the last quarter. Keyes Stange & Wooten Wealth Management LLC acquired a new stake in shares of YieldMax TSLA Option Income Strategy ETF in the fourth quarter valued at $193,000. NorthRock Partners LLC acquired a new stake in shares of YieldMax TSLA Option Income Strategy ETF in the fourth quarter valued at $126,000. Finally, Sunbelt Securities Inc. acquired a new stake in shares of YieldMax TSLA Option Income Strategy ETF in the second quarter valued at $56,000.

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.