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

YieldMax AAPL Option Income Strategy ETF (NYSEARCA:APLY) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 46,029 shares, a drop of 33.7% from the August 15th total of 69,404 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average trading volume of 79,535 shares, the days-to-cover ratio is presently 0.6 days.

YieldMax AAPL Option Income Strategy ETF Stock Up 0.0%

APLY traded up $0.01 during mid-day trading on Thursday, reaching $11.90. The stock had a trading volume of 31,363 shares, compared to its average volume of 149,002. The firm’s fifty day simple moving average is $11.91 and its two-hundred day simple moving average is $12.01. YieldMax AAPL Option Income Strategy ETF has a 52 week low of $11.05 and a 52 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.