YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY) Short Interest Update

YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY) was the recipient of a significant growth in short interest in February. As of February 27th, there was short interest totaling 12,056 shares, a growth of 36.4% from the February 12th total of 8,837 shares. Based on an average trading volume of 57,346 shares, the short-interest ratio is currently 0.2 days. Currently, 1.5% of the company’s shares are sold short. Currently, 1.5% of the company’s shares are sold short. Based on an average trading volume of 57,346 shares, the short-interest ratio is currently 0.2 days.

YieldMax PYPL Option Income Strategy ETF Stock Up 1.0%

NYSEARCA:PYPY traded up $0.29 during midday trading on Friday, hitting $29.38. The stock had a trading volume of 6,158 shares, compared to its average volume of 18,160. YieldMax PYPL Option Income Strategy ETF has a one year low of $27.07 and a one year high of $71.55. The company has a market capitalization of $22.92 million, a price-to-earnings ratio of 18.19 and a beta of 0.81. The stock has a 50-day moving average of $33.60 and a 200 day moving average of $43.82.

YieldMax PYPL Option Income Strategy ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 26th were issued a $0.2419 dividend. This represents a dividend yield of 3,708.0%. The ex-dividend date was Thursday, February 26th.

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.