YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Shares Gap Up – Still a Buy?

Shares of YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) gapped up prior to trading on Thursday . The stock had previously closed at $11.19, but opened at $12.25. YieldMax TSLA Option Income Strategy ETF shares last traded at $12.31, with a volume of 1,494,082 shares changing hands.

YieldMax TSLA Option Income Strategy ETF Trading Up 12.2 %

The firm has a 50-day moving average of $13.06 and a two-hundred day moving average of $14.49.

Institutional Investors Weigh In On YieldMax TSLA Option Income Strategy ETF

A hedge fund recently bought a new stake in YieldMax TSLA Option Income Strategy ETF stock. Sunbelt Securities Inc. acquired a new position in shares of YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,478 shares of the company’s stock, valued at approximately $56,000.

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.