YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY) Shares Shorted: Short Interest Up 60.8% in September

YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 21,269 shares, a growth of 60.8% from the September 15th total of 13,227 shares. Based on an average daily trading volume, of 12,164 shares, the days-to-cover ratio is currently 1.7 days. Currently, 4.2% of the company’s shares are sold short.

YieldMax PYPL Option Income Strategy ETF Stock Performance

Shares of NYSEARCA PYPY traded down $0.38 during trading on Friday, reaching $25.88. The stock had a trading volume of 26,643 shares, compared to its average volume of 20,444. The company has a market cap of $11.90 million, a P/E ratio of 18.19 and a beta of 0.69. YieldMax PYPL Option Income Strategy ETF has a fifty-two week low of $24.15 and a fifty-two week high of $57.00. The business’s 50-day moving average price is $27.29 and its 200-day moving average price is $27.71.

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.