YieldMax PYPL Option Income Strategy ETF Stock to Reverse Split on Monday, December 8th (NYSEARCA:PYPY)

YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPYFree Report) shares are set to reverse split on the morning of Monday, December 8th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, December 7th.

YieldMax PYPL Option Income Strategy ETF Stock Performance

Shares of PYPY opened at $8.81 on Friday. The company’s 50-day simple moving average is $10.09 and its 200-day simple moving average is $11.47. YieldMax PYPL Option Income Strategy ETF has a 1 year low of $8.42 and a 1 year high of $19.74. The stock has a market capitalization of $41.41 million, a PE ratio of 18.19 and a beta of 0.81.

YieldMax PYPL Option Income Strategy ETF Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 28th will be issued a dividend of $0.0883 per share. The ex-dividend date is Friday, November 28th. This represents a yield of 4,214.0%.

Institutional Trading of YieldMax PYPL Option Income Strategy ETF

A hedge fund recently bought a new stake in YieldMax PYPL Option Income Strategy ETF stock. OLD Mission Capital LLC acquired a new stake in YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPYFree Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 13,812 shares of the company’s stock, valued at approximately $181,000. OLD Mission Capital LLC owned approximately 0.36% of YieldMax PYPL Option Income Strategy ETF at the end of the most recent quarter.

YieldMax PYPL Option Income Strategy ETF Company Profile

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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.

Further Reading

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