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The Kurv Yield Premium Strategy Tesla (TSLA) ETF (Ticker TSLP) seeks monthly income while maintaining the opportunity for exposure to the underlying stock of the common stock of Tesla, Inc., subject to a limit on potential investment gains. Enhanced income strategies focused on generating monthly cash flow through multiple sources, including harvesting covered call option premiums, dividends, and interest income. Diversified sources of income premium harvesting, dividends, interest income. Dynamic optimization balance between income vs. capital appreciation potential in certain rising market. Lower beta to underlying stock could be used as a defensive substitute for single stock investments. Tax advantage option premiums may not be immediately taxed, and therefore has the potential to offset short-term tax liabilities.
Kurv Yield Premium Strategy Tesla (Tsla) ETF trades on the BATS stock market under the symbol TSLP.
As of March 20, 2025, TSLP stock price was flat at $17.01 with 15,355 million shares trading.
TSLP has a beta of 1.92, meaning it tends to be more sensitive to market movements. TSLP has a correlation of 0.28 to the broad based SPY ETF.
TSLP has a market cap of $17.18 million. This is considered a Sub-Micro Cap stock.
TSLP has outperformed the market in the last year with a return of +33.0%, while the SPY ETF gained +10.7%. However, in the most recent history, TSLP shares have underperformed the stock market with its stock returning -34.2% in the last 3 month period and -14.0% for the last 2 week period, while SPY has returned -2.9% and -3.0%, respectively.
TSLP support price is $16.24 and resistance is $17.78 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TSLP shares will trade within this expected range on the day.