Short Interest in YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY) Increases By 207.2%

YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 42,298 shares, an increase of 207.2% from the July 15th total of 13,769 shares. Based on an average trading volume of 22,634 shares, the days-to-cover ratio is currently 1.9 days. Approximately 9.8% of the shares of the stock are short sold.

YieldMax PYPL Option Income Strategy ETF Stock Down 1.7%

Shares of NYSEARCA:PYPY traded down $0.52 during trading on Thursday, reaching $30.03. 33,556 shares of the company’s stock traded hands, compared to its average volume of 21,206. YieldMax PYPL Option Income Strategy ETF has a fifty-two week low of $24.15 and a fifty-two week high of $59.13. The company has a 50-day simple moving average of $27.44 and a 200-day simple moving average of $28.88. The firm has a market cap of $12.91 million, a PE ratio of 18.19 and a beta of 0.71.

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.