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

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) shares saw strong trading volume on Wednesday . 1,177,760 shares were traded during trading, a decline of 26% from the previous session’s volume of 1,601,446 shares.The stock last traded at $15.41 and had previously closed at $15.36.

YieldMax TSLA Option Income Strategy ETF Price Performance

The company has a 50-day moving average price of $13.27 and a 200-day moving average price of $14.33.

Institutional Trading of YieldMax TSLA Option Income Strategy ETF

A hedge fund recently raised its stake in YieldMax TSLA Option Income Strategy ETF stock. Sunbelt Securities Inc. grew its holdings in YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) by 5,804.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 205,340 shares of the company’s stock after acquiring an additional 201,862 shares during the quarter. Sunbelt Securities Inc. owned 0.45% of YieldMax TSLA Option Income Strategy ETF worth $2,930,000 as of its most recent filing with the Securities and Exchange Commission.

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.