YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY) Sees Large Growth in Short Interest

YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY) was the recipient of a significant growth in short interest during the month of 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 daily trading volume, of 57,346 shares, the days-to-cover ratio is presently 0.2 days. Approximately 1.5% of the shares of the company are short sold. Approximately 1.5% of the shares of the company are short sold. Based on an average daily trading volume, of 57,346 shares, the days-to-cover ratio is presently 0.2 days.

YieldMax PYPL Option Income Strategy ETF Price Performance

PYPY stock traded up $0.29 during trading on Friday, hitting $29.38. 6,158 shares of the company traded hands, compared to its average volume of 18,160. The stock’s 50-day simple moving average is $33.60 and its 200 day simple moving average is $43.73. The company has a market cap of $22.92 million, a PE ratio of 18.19 and a beta of 0.81. YieldMax PYPL Option Income Strategy ETF has a 1 year low of $27.07 and a 1 year high of $71.55.

YieldMax PYPL Option Income Strategy ETF Cuts Dividend

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

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.