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 in the month of December. As of December 15th, there was short interest totaling 4,786 shares, a decline of 82.0% from the November 30th total of 26,532 shares. Based on an average daily volume of 8,270 shares, the short-interest ratio is presently 0.6 days. Currently, 0.5% of the shares of the company are sold short. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 8,270 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On YieldMax PYPL Option Income Strategy ETF

A hedge fund recently bought a new stake in YieldMax PYPL Option Income Strategy ETF stock. OLD Mission Capital LLC bought a new position in shares of YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,812 shares of the company’s stock, valued at approximately $181,000. OLD Mission Capital LLC owned 0.36% of YieldMax PYPL Option Income Strategy ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

YieldMax PYPL Option Income Strategy ETF Price Performance

PYPY stock traded down $0.33 during midday trading on Friday, hitting $41.58. 4,809 shares of the stock traded hands, compared to its average volume of 11,025. YieldMax PYPL Option Income Strategy ETF has a 1-year low of $41.11 and a 1-year high of $93.10. The stock’s fifty day simple moving average is $45.83 and its 200-day simple moving average is $54.19. The firm has a market cap of $39.09 million, a P/E ratio of 18.19 and a beta of 0.81.

YieldMax PYPL Option Income Strategy ETF Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, December 29th. Shareholders of record on Friday, December 26th will be issued a dividend of $0.4415 per share. The ex-dividend date is Friday, December 26th. This represents a yield of 3,515.0%.

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.