YieldMax AAPL Option Income Strategy ETF (NYSEARCA:APLY) Sees Large Decline in Short Interest

YieldMax AAPL Option Income Strategy ETF (NYSEARCA:APLY) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 84,380 shares, a decline of 46.0% from the June 30th total of 156,401 shares. Based on an average daily volume of 60,165 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.8% of the shares of the company are short sold.

YieldMax AAPL Option Income Strategy ETF Stock Performance

APLY stock traded down $0.89 during trading on Friday, hitting $11.64. The company had a trading volume of 542,100 shares, compared to its average volume of 163,201. The business has a 50 day moving average of $12.27 and a 200 day moving average of $12.24. YieldMax AAPL Option Income Strategy ETF has a fifty-two week low of $11.05 and a fifty-two week high of $14.21.

About YieldMax AAPL Option Income Strategy ETF

The YieldMax AAPL Option Income Strategy ETF (APLY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Apple stock (AAPL) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. APLY was launched on Apr 18, 2023 and is managed by Tidal.