YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Sees Unusually-High Trading Volume – Should You Buy?

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) shares saw unusually-high trading volume on Monday . Approximately 1,037,880 shares were traded during trading, a decline of 27% from the previous session’s volume of 1,428,530 shares.The stock last traded at $13.06 and had previously closed at $13.07.

YieldMax TSLA Option Income Strategy ETF Stock Up 0.2 %

The stock has a 50 day moving average price of $13.02 and a 200 day moving average price of $14.45.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in YieldMax TSLA Option Income Strategy ETF stock. Sunbelt Securities Inc. bought a new position in shares of YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 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.