YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Sees Large Volume Increase – Still a Buy?

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) shares saw an uptick in trading volume on Monday . 880,785 shares traded hands during mid-day trading, a decline of 40% from the previous session’s volume of 1,464,359 shares.The stock last traded at $11.65 and had previously closed at $11.92.

YieldMax TSLA Option Income Strategy ETF Price Performance

The stock has a 50-day moving average of $12.83 and a 200-day moving average of $14.36.

Institutional Trading of YieldMax TSLA Option Income Strategy ETF

An institutional investor recently bought a new position in YieldMax TSLA Option Income Strategy ETF stock. Sunbelt Securities Inc. purchased a new stake in YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 3,478 shares of the company’s stock, valued at approximately $56,000.

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.