YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Stock Price Up 2.7% – What’s Next?

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY)’s share price rose 2.7% during trading on Tuesday . The stock traded as high as $9.68 and last traded at $9.62. Approximately 8,379,716 shares changed hands during trading, an increase of 183% from the average daily volume of 2,963,434 shares. The stock had previously closed at $9.37.

YieldMax TSLA Option Income Strategy ETF Trading Up 2.7%

The firm has a 50-day moving average of $8.23 and a 200 day moving average of $11.83.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Sunbelt Securities Inc. increased its position in shares of YieldMax TSLA Option Income Strategy ETF by 7.0% during the 4th quarter. Sunbelt Securities Inc. now owns 219,734 shares of the company’s stock valued at $3,237,000 after purchasing an additional 14,394 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of YieldMax TSLA Option Income Strategy ETF by 25.4% in 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. FNY Investment Advisers LLC bought a new stake in YieldMax TSLA Option Income Strategy ETF during the fourth quarter valued at approximately $95,000. Finally, ORG Wealth Partners LLC purchased a new stake in YieldMax TSLA Option Income Strategy ETF during the first quarter valued at approximately $27,000.

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.