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

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY)’s share price gapped down before the market opened 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.

YieldMax TSLA Option Income Strategy ETF Price Performance

The company’s 50-day moving average is $15.43 and its two-hundred day moving average is $17.22.

Hedge Funds Weigh In On YieldMax TSLA Option Income Strategy ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TSLY. NorthRock Partners LLC purchased a new stake in shares of YieldMax TSLA Option Income Strategy ETF in the fourth quarter valued at $126,000. Tamar Securities LLC boosted its position in YieldMax TSLA Option Income Strategy ETF by 12.2% during the 4th quarter. Tamar Securities LLC now owns 14,384 shares of the company’s stock worth $172,000 after acquiring an additional 1,567 shares during the period. Keyes Stange & Wooten Wealth Management LLC purchased a new position in YieldMax TSLA Option Income Strategy ETF during the 4th quarter valued at about $193,000. AlphaMark Advisors LLC lifted its position in shares of YieldMax TSLA Option Income Strategy ETF by 59.5% in the fourth quarter. AlphaMark Advisors LLC now owns 17,444 shares of the company’s stock worth $208,000 after purchasing an additional 6,508 shares in the last quarter. Finally, Straight Path Wealth Management acquired a new stake in shares of YieldMax TSLA Option Income Strategy ETF during the fourth quarter worth approximately $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.