YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY) Sees Large Growth in Short Interest

YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 42,298 shares, a growth of 207.2% from the July 15th total of 13,769 shares. Approximately 9.8% of the company’s shares are sold short. Based on an average daily volume of 22,634 shares, the days-to-cover ratio is currently 1.9 days.

YieldMax PYPL Option Income Strategy ETF Trading Up 2.9%

PYPY traded up $0.87 on Friday, hitting $30.90. The company had a trading volume of 37,707 shares, compared to its average volume of 21,312. The firm has a market cap of $13.29 million, a P/E ratio of 18.19 and a beta of 0.71. YieldMax PYPL Option Income Strategy ETF has a 1 year low of $24.15 and a 1 year high of $59.13. The company’s fifty day moving average price is $27.65 and its 200 day moving average price is $28.83.

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.