Tidal Investments LLC Invests $4.68 Million in YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY)

Tidal Investments LLC acquired a new position in YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY) during the first quarter, HoldingsChannel.com reports. The fund acquired 240,318 shares of the company’s stock, valued at approximately $4,681,000. Tidal Investments LLC owned approximately 0.27% of YieldMax PYPL Option Income Strategy ETF as of its most recent SEC filing.

YieldMax PYPL Option Income Strategy ETF Stock Down 0.5 %

NYSEARCA:PYPY traded down $0.08 during trading hours on Friday, hitting $17.43. 897 shares of the company were exchanged, compared to its average volume of 24,139. YieldMax PYPL Option Income Strategy ETF has a 52-week low of $15.56 and a 52-week high of $21.15. The company’s 50 day moving average price is $16.70 and its 200-day moving average price is $18.00.

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.