YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Sees Strong Trading Volume – Here’s Why

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) saw unusually-high trading volume on Friday . Approximately 37,258,259 shares changed hands during trading, an increase of 106% from the previous session’s volume of 18,060,721 shares.The stock last traded at $7.9350 and had previously closed at $8.24.

YieldMax TSLA Option Income Strategy ETF Trading Down 2.1%

The business has a 50-day moving average price of $8.48 and a 200-day moving average price of $8.34.

YieldMax TSLA Option Income Strategy ETF Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, November 6th will be given a dividend of $0.1938 per share. This represents a yield of 9,277.0%. The ex-dividend date of this dividend is Thursday, November 6th.

Institutional Trading of YieldMax TSLA Option Income Strategy ETF

A number of hedge funds have recently added to or reduced their stakes in TSLY. Cambridge Investment Research Advisors Inc. lifted its position in YieldMax TSLA Option Income Strategy ETF by 25.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 35,311 shares of the company’s stock worth $291,000 after buying an additional 7,154 shares in the last quarter. OLD Mission Capital LLC purchased a new position in YieldMax TSLA Option Income Strategy ETF during the first quarter worth about $544,000. Finally, Captrust Financial Advisors increased its holdings in shares of 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 worth $163,000 after buying an additional 9,619 shares during the last quarter.

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.