YieldMax AAPL Option Income Strategy ETF (NYSEARCA:APLY) Sees Large Drop in Short Interest

YieldMax AAPL Option Income Strategy ETF (NYSEARCA:APLY) was the recipient of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 69,404 shares, a drop of 36.0% from the July 30th total of 108,394 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 120,529 shares, the short-interest ratio is currently 0.6 days.

YieldMax AAPL Option Income Strategy ETF Stock Performance

APLY traded up $0.24 during trading on Tuesday, reaching $11.80. The company had a trading volume of 60,559 shares, compared to its average volume of 154,469. YieldMax AAPL Option Income Strategy ETF has a 12 month low of $11.05 and a 12 month high of $14.21. The business’s fifty day moving average price is $11.93 and its 200 day moving average price is $12.08.

About YieldMax AAPL Option Income Strategy ETF

The YieldMax AAPL Option Income Strategy ETF (APLY) 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 US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. APLY was launched on Apr 18, 2023 and is managed by Tidal.