YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Sees Strong Trading Volume – Here’s Why

Shares of YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLYGet Free Report) saw an uptick in trading volume on Tuesday . 10,636,602 shares were traded during mid-day trading, an increase of 196% from the previous session’s volume of 3,590,774 shares.The stock last traded at $8.13 and had previously closed at $8.38.

YieldMax TSLA Option Income Strategy ETF Price Performance

The stock’s 50 day simple moving average is $8.59 and its two-hundred day simple moving average is $10.94.

Hedge Funds Weigh In On YieldMax TSLA Option Income Strategy ETF

A number of institutional investors have recently modified their holdings of TSLY. OLD Mission Capital LLC bought a new position in shares of YieldMax TSLA Option Income Strategy ETF in the first quarter worth about $544,000. Sunbelt Securities Inc. raised its stake in shares of YieldMax TSLA Option Income Strategy ETF by 7.0% during the fourth quarter. Sunbelt Securities Inc. now owns 219,734 shares of the company’s stock worth $3,237,000 after buying an additional 14,394 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of YieldMax TSLA Option Income Strategy ETF by 25.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 35,311 shares of the company’s stock worth $291,000 after buying an additional 7,154 shares during the last quarter. Finally, ORG Wealth Partners LLC bought a new stake in shares of YieldMax TSLA Option Income Strategy ETF during the first quarter worth approximately $27,000.

YieldMax TSLA Option Income Strategy ETF Company Profile

(Get Free Report)

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.

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