YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Reaches New 52-Week Low – Time to Sell?

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as $7.53 and last traded at $7.59, with a volume of 6759446 shares traded. The stock had previously closed at $8.84.

YieldMax TSLA Option Income Strategy ETF Price Performance

The company’s 50 day moving average price is $12.06 and its two-hundred day moving average price is $13.33.

Hedge Funds Weigh In On YieldMax TSLA Option Income Strategy ETF

Institutional investors have recently bought and sold shares of the company. ORG Partners LLC raised its stake in YieldMax TSLA Option Income Strategy ETF by 348.2% during 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 during the period. FNY Investment Advisers LLC purchased a new position in YieldMax TSLA Option Income Strategy ETF during the fourth quarter worth about $95,000. Finally, Sunbelt Securities Inc. raised its stake in YieldMax TSLA Option Income Strategy ETF by 7.0% during the fourth quarter. Sunbelt Securities Inc. now owns 219,734 shares of the company’s stock worth $3,237,000 after purchasing an additional 14,394 shares during the period.

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.