YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Shares Gap Down – Time to Sell?

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) shares gapped down before the market opened on Tuesday . The stock had previously closed at $8.24, but opened at $7.96. YieldMax TSLA Option Income Strategy ETF shares last traded at $7.80, with a volume of 2,040,867 shares changing hands.

YieldMax TSLA Option Income Strategy ETF Price Performance

The firm’s fifty day moving average price is $11.72 and its two-hundred day moving average price is $13.22.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TSLY. Sunbelt Securities Inc. grew its stake in 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 buying an additional 14,394 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in YieldMax TSLA Option Income Strategy ETF in the fourth quarter worth $95,000. Finally, ORG Partners LLC increased its stake in 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 valued at $38,000 after acquiring an additional 2,065 shares during 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.