YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Hits New 1-Year Low – What’s Next?

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $28.51 and last traded at $28.54, with a volume of 521405 shares traded. The stock had previously closed at $29.01.

YieldMax TSLA Option Income Strategy ETF Stock Down 2.9%

The company’s 50 day moving average price is $32.46 and its 200 day moving average price is $37.48.

YieldMax TSLA Option Income Strategy ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 26th were paid a $0.3183 dividend. The ex-dividend date was Thursday, February 26th. This represents a dividend yield of 4,984.0%.

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 raised its position in YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) by 93.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,899 shares of the company’s stock after acquiring an additional 9,619 shares during the quarter. 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.