YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY) Sees Large Drop in Short Interest
by Jessica Moore · The Cerbat GemYieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY – Get Free Report) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totaling 12,431 shares, a decrease of 15.1% from the March 31st total of 14,649 shares. Based on an average daily trading volume, of 5,594 shares, the days-to-cover ratio is presently 2.2 days. Currently, 1.0% of the company’s shares are short sold.
YieldMax PYPL Option Income Strategy ETF Stock Performance
Shares of YieldMax PYPL Option Income Strategy ETF stock traded up $0.18 on Friday, hitting $30.47. The stock had a trading volume of 6,673 shares, compared to its average volume of 24,312. YieldMax PYPL Option Income Strategy ETF has a twelve month low of $27.07 and a twelve month high of $67.95. The stock has a 50 day moving average of $29.99 and a 200 day moving average of $37.84. The firm has a market capitalization of $29.86 million, a P/E ratio of 18.19 and a beta of 0.91.
YieldMax PYPL Option Income Strategy ETF Company Profile
The YieldMax PYPL Option Income Strategy ETF (PYPY) is an exchange-traded fund that mostly invests in financials equity. The fund seeks to provide current income and capped gains on the Paypal stock (PYPL) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. PYPY was launched on Sep 25, 2023 and is issued by YieldMax.