YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Stock Price Down 0.8%

Shares of YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) dropped 0.8% during trading on Tuesday . The company traded as low as $13.68 and last traded at $14.16. Approximately 1,878,208 shares changed hands during trading, an increase of 41% from the average daily volume of 1,334,636 shares. The stock had previously closed at $14.27.

YieldMax TSLA Option Income Strategy ETF Stock Performance

The stock has a 50 day moving average price of $13.80 and a 200 day moving average price of $14.91.

Institutional Investors Weigh In On YieldMax TSLA Option Income Strategy ETF

A hedge fund recently bought a new stake in YieldMax TSLA Option Income Strategy ETF stock. Sunbelt Securities Inc. purchased a new stake in shares of YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,478 shares of the company’s stock, valued at approximately $56,000.

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.