Short Interest in YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY) Rises By 207.2%

YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY – Get Free Report) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 42,298 shares, a growth of 207.2% from the July 15th total of 13,769 shares. Based on an average trading volume of 22,634 shares, the days-to-cover ratio is currently 1.9 days. Approximately 9.8% of the shares of the company are short sold.

YieldMax PYPL Option Income Strategy ETF Trading Down 1.7%

YieldMax PYPL Option Income Strategy ETF stock traded down $0.52 during mid-day trading on Thursday, hitting $30.03. The company had a trading volume of 33,556 shares, compared to its average volume of 21,206. The company has a market capitalization of $12.91 million, a price-to-earnings ratio of 18.19 and a beta of 0.71. YieldMax PYPL Option Income Strategy ETF has a 12-month low of $24.15 and a 12-month high of $59.13. The company’s fifty day moving average is $27.44 and its 200-day moving average is $28.88.

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About YieldMax PYPL Option Income Strategy ETF

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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.

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