YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY) Trading 0.8% Higher – Should You Buy?

YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY)’s stock price shot up 0.8% during trading on Wednesday . The company traded as high as $41.91 and last traded at $41.91. 6,921 shares traded hands during mid-day trading, a decline of 37% from the average session volume of 11,050 shares. The stock had previously closed at $41.58.

YieldMax PYPL Option Income Strategy ETF Trading Down 0.1%

The business has a 50 day moving average price of $46.02 and a 200-day moving average price of $54.36. The firm has a market capitalization of $39.03 million, a PE ratio of 18.19 and a beta of 0.81.

YieldMax PYPL Option Income Strategy ETF Announces Dividend

The firm also recently announced a dividend, which will be paid on Monday, December 29th. Shareholders of record on Friday, December 26th will be issued a $0.4415 dividend. The ex-dividend date of this dividend is Friday, December 26th. This represents a yield of 3,488.0%.

Hedge Funds Weigh In On YieldMax PYPL Option Income Strategy ETF

A hedge fund recently bought a new stake in YieldMax PYPL Option Income Strategy ETF stock. OLD Mission Capital LLC acquired a new position in shares of YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 13,812 shares of the company’s stock, valued at approximately $181,000. OLD Mission Capital LLC owned approximately 0.36% of YieldMax PYPL Option Income Strategy ETF at the end of the most recent quarter.

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.