YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY – Get Free Report)’s share price dropped 0.4% during trading on Friday . The company traded as low as $30.10 and last traded at $30.33. Approximately 14,480 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 20,276 shares. The stock had previously closed at $30.44.
YieldMax PYPL Option Income Strategy ETF Stock Performance
The firm’s 50 day simple moving average is $26.80 and its 200-day simple moving average is $29.45. The company has a market capitalization of $13.04 million, a price-to-earnings ratio of 18.19 and a beta of 0.84.
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.
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