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

YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY) was the target of a significant growth in short interest in February. As of February 27th, there was short interest totaling 12,056 shares, a growth of 36.4% from the February 12th total of 8,837 shares. Based on an average daily trading volume, of 57,346 shares, the days-to-cover ratio is presently 0.2 days. Approximately 1.5% of the shares of the stock are short sold. Approximately 1.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 57,346 shares, the days-to-cover ratio is presently 0.2 days.

YieldMax PYPL Option Income Strategy ETF Stock Performance

Shares of NYSEARCA PYPY traded up $0.54 during mid-day trading on Monday, reaching $29.92. The company’s stock had a trading volume of 5,724 shares, compared to its average volume of 17,822. The stock has a 50-day moving average of $33.60 and a two-hundred day moving average of $43.64. The stock has a market capitalization of $23.34 million, a P/E ratio of 18.19 and a beta of 0.81. YieldMax PYPL Option Income Strategy ETF has a 1-year low of $27.07 and a 1-year high of $71.55.

YieldMax PYPL Option Income Strategy ETF Cuts Dividend

The firm also recently disclosed 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 was Thursday, February 26th. This represents a yield of 3,708.0%.

About YieldMax PYPL Option Income Strategy ETF

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.