YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Stock Price Down 4% – Time to Sell?

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) was down 4% on Monday . The stock traded as low as $8.20 and last traded at $8.18. Approximately 2,603,379 shares were traded during trading, a decline of 43% from the average daily volume of 4,573,921 shares. The stock had previously closed at $8.52.

YieldMax TSLA Option Income Strategy ETF Stock Performance

The firm has a fifty day simple moving average of $11.60 and a two-hundred day simple moving average of $13.18.

Hedge Funds Weigh In On YieldMax TSLA Option Income Strategy ETF

A number of institutional investors and hedge funds have recently modified their holdings of TSLY. Sunbelt Securities Inc. lifted its stake in shares of YieldMax TSLA Option Income Strategy ETF by 5,804.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 205,340 shares of the company’s stock worth $2,930,000 after acquiring an additional 201,862 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of YieldMax TSLA Option Income Strategy ETF during the 4th quarter worth approximately $95,000. Finally, ORG Partners LLC lifted its stake in shares of YieldMax TSLA Option Income Strategy ETF by 348.2% during the 4th quarter. ORG Partners LLC now owns 2,658 shares of the company’s stock worth $38,000 after acquiring an additional 2,065 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.