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

YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 19,911 shares, a decline of 52.9% from the July 30th total of 42,298 shares. Based on an average daily volume of 36,401 shares, the days-to-cover ratio is currently 0.5 days. Currently, 4.6% of the shares of the stock are short sold.

YieldMax PYPL Option Income Strategy ETF Price Performance

NYSEARCA:PYPY traded down $0.18 on Monday, reaching $25.97. The stock had a trading volume of 32,829 shares, compared to its average volume of 21,738. The company has a market cap of $11.17 million, a price-to-earnings ratio of 18.19 and a beta of 0.71. The firm’s fifty day moving average is $28.68 and its two-hundred day moving average is $28.55. YieldMax PYPL Option Income Strategy ETF has a 12-month low of $24.15 and a 12-month 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.