YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY – Get Free Report) saw a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 8,837 shares, a growth of 47.0% from the January 29th total of 6,010 shares. Currently, 1.1% of the shares of the company are sold short. Based on an average daily volume of 14,596 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 14,596 shares, the short-interest ratio is currently 0.6 days. Currently, 1.1% of the shares of the company are sold short.
YieldMax PYPL Option Income Strategy ETF Trading Down 1.7%
PYPY traded down $0.52 during midday trading on Monday, hitting $30.27. 8,916 shares of the company were exchanged, compared to its average volume of 20,711. The firm has a market capitalization of $23.61 million, a price-to-earnings ratio of 18.19 and a beta of 0.81. The company’s 50 day simple moving average is $35.80 and its 200 day simple moving average is $45.51. YieldMax PYPL Option Income Strategy ETF has a 1-year low of $27.07 and a 1-year high of $72.50.
YieldMax PYPL Option Income Strategy ETF Cuts Dividend
The business also recently declared a dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 26th were issued a $0.2419 dividend. The ex-dividend date of this dividend was Thursday, February 26th. This represents a yield of 3,708.0%.
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.
Further Reading
- Five stocks we like better than YieldMax PYPL Option Income Strategy ETF
- America’s 1776 happening again
- 3 Signs You May Want to Switch Financial Advisors
- I’m 70 With $1.5M: Would Converting $120K a Year to a Roth Be Smart or a Costly Mistake? (Ask An Advisor)
- Refund From 1933: Trump’s Reset May Create Instant Wealth
- Gilder: Don’t Buy AI Stocks, Do This Instead
Receive News & Ratings for YieldMax PYPL Option Income Strategy ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for YieldMax PYPL Option Income Strategy ETF and related companies with MarketBeat.com's FREE daily email newsletter.
