YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Shares Gap Down to $17.72

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) gapped down prior to trading on Friday . The stock had previously closed at $17.72, but opened at $16.91. YieldMax TSLA Option Income Strategy ETF shares last traded at $16.61, with a volume of 326,919 shares changing hands.

YieldMax TSLA Option Income Strategy ETF Trading Up 1.0 %

The company has a 50-day moving average of $15.43 and a 200-day moving average of $17.22.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Keyes Stange & Wooten Wealth Management LLC bought a new position in shares of YieldMax TSLA Option Income Strategy ETF during the 4th quarter worth approximately $193,000. NorthRock Partners LLC acquired a new stake in YieldMax TSLA Option Income Strategy ETF in the fourth quarter worth $126,000. International Assets Investment Management LLC increased its stake in YieldMax TSLA Option Income Strategy ETF by 1,494.5% in the fourth quarter. International Assets Investment Management LLC now owns 43,850 shares of the company’s stock valued at $523,000 after purchasing an additional 41,100 shares in the last quarter. Tamar Securities LLC raised its holdings in shares of YieldMax TSLA Option Income Strategy ETF by 12.2% during the fourth quarter. Tamar Securities LLC now owns 14,384 shares of the company’s stock valued at $172,000 after purchasing an additional 1,567 shares during the period. Finally, Straight Path Wealth Management bought a new position in shares of YieldMax TSLA Option Income Strategy ETF during the 4th quarter worth about $271,000.

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.