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

YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY) was the target of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 8,837 shares, an increase of 47.0% from the January 29th total of 6,010 shares. Based on an average daily trading volume, of 14,596 shares, the days-to-cover ratio is presently 0.6 days. Currently, 1.1% of the company’s stock are short sold. Currently, 1.1% of the company’s stock are short sold. Based on an average daily trading volume, of 14,596 shares, the days-to-cover ratio is presently 0.6 days.

YieldMax PYPL Option Income Strategy ETF Trading Up 1.3%

Shares of YieldMax PYPL Option Income Strategy ETF stock traded up $0.40 on Friday, reaching $30.79. 400,673 shares of the company were exchanged, compared to its average volume of 21,094. The company has a market capitalization of $24.02 million, a price-to-earnings ratio of 18.19 and a beta of 0.81. The company has a 50-day moving average of $35.80 and a 200 day moving average of $45.60. YieldMax PYPL Option Income Strategy ETF has a one year low of $27.07 and a one year high of $72.50.

YieldMax PYPL Option Income Strategy ETF Cuts Dividend

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

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.