Short Interest in YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY) Drops By 52.9%

YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY) was the recipient of a significant 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 presently 0.5 days. Approximately 4.6% of the shares of the stock are sold short.

YieldMax PYPL Option Income Strategy ETF Trading Down 13.5%

Shares of NYSEARCA:PYPY traded down $4.07 during mid-day trading on Friday, reaching $26.15. The stock had a trading volume of 83,172 shares, compared to its average volume of 21,670. The business’s 50 day moving average price is $28.68 and its 200 day moving average price is $28.55. YieldMax PYPL Option Income Strategy ETF has a 1 year low of $24.15 and a 1 year high of $59.13. The company has a market cap of $11.24 million, a P/E 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.