YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Hits New 1-Year Low – What’s Next?

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) hit a new 52-week low on Friday . The company traded as low as $11.02 and last traded at $11.12, with a volume of 4161453 shares changing hands. The stock had previously closed at $11.51.

YieldMax TSLA Option Income Strategy ETF Trading Down 4.2 %

The stock has a 50-day simple moving average of $13.90 and a two-hundred day simple moving average of $13.73.

YieldMax TSLA Option Income Strategy ETF Increases Dividend

The company also recently announced a dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 29th were given a dividend of $1.2208 per share. The ex-dividend date was Friday, November 29th. This is a positive change from YieldMax TSLA Option Income Strategy ETF’s previous dividend of $0.68.

Institutional Investors Weigh In On YieldMax TSLA Option Income Strategy ETF

A number of institutional investors and hedge funds have recently bought and sold shares of TSLY. Sunbelt Securities Inc. raised its position in shares of YieldMax TSLA Option Income Strategy ETF by 7.0% in the 4th quarter. Sunbelt Securities Inc. now owns 219,734 shares of the company’s stock worth $3,237,000 after acquiring an additional 14,394 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of YieldMax TSLA Option Income Strategy ETF in the 4th quarter worth $95,000. Finally, ORG Partners LLC raised its position in shares of YieldMax TSLA Option Income Strategy ETF by 348.2% in 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 in the last quarter.

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.