Kurv Yield Premium Strategy Apple (AAPL) ETF (BATS:AAPY) Stock Jumps 5.7% – Here’s Why

Kurv Yield Premium Strategy Apple (AAPL) ETF (BATS:AAPY) shares shot up 5.7% during mid-day trading on Wednesday. The stock traded as high as $29.20 and last traded at $28.87. Approximately 15,075 shares changed hands during mid-day trading, an increase of 210% from the average session volume of 4,860 shares. The stock had previously closed at $27.31.

Kurv Yield Premium Strategy Apple (AAPL) ETF Price Performance

The company has a 50 day simple moving average of $27.86 and a 200-day simple moving average of $25.51.

About Kurv Yield Premium Strategy Apple (AAPL) ETF

The Kurv Yield Premium Strategy Apple (AAPL) ETF (AAPY) 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 short-term fixed-income instruments. The actively managed fund uses both standardized exchange-traded and FLEX options. AAPY was launched on Oct 27, 2023 and is issued by Kurv.