YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Shares Gap Down to $14.04

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) shares gapped down before the market opened on Friday . The stock had previously closed at $14.04, but opened at $13.39. YieldMax TSLA Option Income Strategy ETF shares last traded at $12.93, with a volume of 352,947 shares changing hands.

YieldMax TSLA Option Income Strategy ETF Price Performance

The firm has a 50-day moving average of $15.03 and a 200-day moving average of $15.42.

Hedge Funds Weigh In On YieldMax TSLA Option Income Strategy ETF

A number of institutional investors have recently bought and sold shares of TSLY. Sunbelt Securities Inc. purchased a new stake in shares of YieldMax TSLA Option Income Strategy ETF in the 2nd quarter valued at $56,000. NorthRock Partners LLC purchased a new stake in YieldMax TSLA Option Income Strategy ETF in the fourth quarter valued at $126,000. Keyes Stange & Wooten Wealth Management LLC acquired a new stake in YieldMax TSLA Option Income Strategy ETF during the 4th quarter worth about $193,000. Finally, International Assets Investment Management LLC raised its stake in shares of YieldMax TSLA Option Income Strategy ETF by 1,494.5% during the 4th quarter. International Assets Investment Management LLC now owns 43,850 shares of the company’s stock valued at $523,000 after buying an additional 41,100 shares during 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.