YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Shares Gap Down – Here’s Why

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $8.49, but opened at $8.17. YieldMax TSLA Option Income Strategy ETF shares last traded at $8.45, with a volume of 575,058 shares traded.

YieldMax TSLA Option Income Strategy ETF Stock Performance

The firm has a 50 day moving average price of $10.45 and a 200-day moving average price of $12.84.

Institutional Trading of YieldMax TSLA Option Income Strategy ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. ORG Partners LLC boosted its stake in YieldMax TSLA Option Income Strategy ETF by 348.2% in the fourth quarter. ORG Partners LLC now owns 2,658 shares of the company’s stock worth $38,000 after purchasing an additional 2,065 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of YieldMax TSLA Option Income Strategy ETF in the fourth quarter valued at about $95,000. Finally, Sunbelt Securities Inc. raised its holdings in shares of YieldMax TSLA Option Income Strategy ETF by 5,804.0% in the third quarter. Sunbelt Securities Inc. now owns 205,340 shares of the company’s stock valued at $2,930,000 after buying an additional 201,862 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.