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

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) shares saw unusually-strong trading volume on Monday . Approximately 1,492,964 shares changed hands during mid-day trading, a decline of 2% from the previous session’s volume of 1,523,723 shares.The stock last traded at $15.13 and had previously closed at $14.39.

YieldMax TSLA Option Income Strategy ETF Stock Up 1.0 %

The company has a 50-day moving average price of $12.88 and a 200 day moving average price of $14.35.

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. bought a new stake in YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 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.