Kurv Yield Premium Strategy Apple (AAPL) ETF (NYSEARCA:AAPY) Shares Down 2.8% – Here’s Why

Kurv Yield Premium Strategy Apple (AAPL) ETF (NYSEARCA:AAPY) shares were down 2.8% on Friday . The company traded as low as $22.69 and last traded at $22.71. Approximately 2,833 shares were traded during mid-day trading, a decline of 42% from the average daily volume of 4,901 shares. The stock had previously closed at $23.36.

Kurv Yield Premium Strategy Apple (AAPL) ETF Stock Down 2.8%

The firm has a fifty day moving average of $24.26 and a 200 day moving average of $24.02.

Kurv Yield Premium Strategy Apple (AAPL) ETF Company Profile

The Kurv Yield Premium Strategy Apple (AAPL) ETF (AAPY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Apple stock (AAPL) through a synthetic covered call strategy, collateralized by cash and short-term fixed-income instruments. The actively managed fund uses both standardized exchange-traded and FLEX options. AAPY was launched on Oct 27, 2023 and is issued by Kurv.