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 large growth in short interest in 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. Currently, 9.8% of the company’s shares are short sold. Based on an average trading volume of 22,634 shares, the short-interest ratio is currently 1.9 days.

YieldMax PYPL Option Income Strategy ETF Price Performance

Shares of PYPY stock traded up $0.87 during trading hours on Friday, hitting $30.90. The company had a trading volume of 37,707 shares, compared to its average volume of 21,312. The stock has a market capitalization of $13.29 million, a PE ratio of 18.19 and a beta of 0.71. The company’s fifty day moving average is $27.65 and its 200 day moving average is $28.83. YieldMax PYPL Option Income Strategy ETF has a fifty-two week low of $24.15 and a fifty-two week high of $59.13.

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.