YTSL.NE is trading down 7.2% at CA$19.53 as the Tesla-focused covered-call ETF tracks a sharp decline in its underlying asset.
- The fund's performance mirrors recent weakness in Tesla (TSLA), which is facing pressure amid a broader sell-off in high-duration growth names.
- Surging Treasury yields to multi-year highs have triggered risk-off sentiment across the technology sector, further weighing on concentrated growth funds.