YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Hits New 12-Month Low – Should You Sell?

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) hit 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 Stock Down 14.1 %

The company has a 50-day moving average price of $12.30 and a two-hundred day moving average price of $13.41.

Institutional Investors Weigh In On YieldMax TSLA Option Income Strategy ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. ORG Partners LLC lifted its stake in shares of 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 acquiring an additional 2,065 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of YieldMax TSLA Option Income Strategy ETF in the fourth quarter worth about $95,000. Finally, Sunbelt Securities Inc. lifted its stake 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 worth $2,930,000 after acquiring an additional 201,862 shares in 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.