YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Sees Large Volume Increase – What’s Next?

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) saw unusually-strong trading volume on Friday . Approximately 37,258,259 shares traded hands during mid-day trading, an increase of 106% from the previous session’s volume of 18,060,721 shares.The stock last traded at $7.9350 and had previously closed at $8.24.

YieldMax TSLA Option Income Strategy ETF Price Performance

The company has a 50 day moving average of $8.49 and a 200 day moving average of $8.36.

YieldMax TSLA Option Income Strategy ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, November 7th. Stockholders of record on Thursday, November 6th were issued a dividend of $0.1938 per share. This represents a dividend yield of 9,277.0%. The ex-dividend date was Thursday, November 6th.

Institutional Investors Weigh In On YieldMax TSLA Option Income Strategy ETF

A number of institutional investors have recently bought and sold shares of TSLY. Captrust Financial Advisors raised its stake in YieldMax TSLA Option Income Strategy ETF by 93.6% during the second quarter. Captrust Financial Advisors now owns 19,899 shares of the company’s stock worth $163,000 after purchasing an additional 9,619 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in shares of YieldMax TSLA Option Income Strategy ETF by 25.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 35,311 shares of the company’s stock valued at $291,000 after buying an additional 7,154 shares during the period. Finally, OLD Mission Capital LLC acquired a new stake in shares of YieldMax TSLA Option Income Strategy ETF during the 1st quarter worth $544,000.

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.