YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY) Short Interest Update

YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY) was the recipient of a significant growth in short interest in March. As of March 13th, there was short interest totaling 16,877 shares, a growth of 40.0% from the February 26th total of 12,056 shares. Approximately 2.2% of the company’s stock are short sold. Based on an average trading volume of 6,772 shares, the short-interest ratio is currently 2.5 days.

YieldMax PYPL Option Income Strategy ETF Trading Up 2.2%

PYPY stock traded up $0.61 during mid-day trading on Monday, hitting $28.91. 5,708 shares of the company were exchanged, compared to its average volume of 31,498. The company has a market capitalization of $22.55 million, a PE ratio of 18.19 and a beta of 0.81. The firm has a fifty day simple moving average of $31.35 and a 200 day simple moving average of $41.76. YieldMax PYPL Option Income Strategy ETF has a twelve month low of $27.07 and a twelve month high of $68.00.

YieldMax PYPL Option Income Strategy ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 26th were paid a $0.2419 dividend. This represents a yield of 3,708.0%. The ex-dividend date was Thursday, February 26th.

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.