YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Sets New 52-Week Low – Here’s What Happened

Shares of YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) reached a new 52-week low during trading on Friday . The stock traded as low as $25.46 and last traded at $25.57, with a volume of 149964 shares traded. The stock had previously closed at $26.33.

YieldMax TSLA Option Income Strategy ETF Stock Down 2.2%

The company’s fifty day moving average price is $28.73 and its two-hundred day moving average price is $31.24.

Institutional Investors Weigh In On YieldMax TSLA Option Income Strategy ETF

An institutional investor recently raised its position in YieldMax TSLA Option Income Strategy ETF stock. Captrust Financial Advisors raised its holdings in YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) by 93.6% during the second 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 purchasing 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 filing with the Securities and Exchange Commission.

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.