YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY – Get Free Report)’s stock price dropped 0.2% during mid-day trading on Friday . The company traded as low as $26.51 and last traded at $26.61. Approximately 3,028 shares changed hands during trading, a decline of 87% from the average daily volume of 23,354 shares. The stock had previously closed at $26.66.
YieldMax PYPL Option Income Strategy ETF Stock Down 0.2%
The firm has a market capitalization of $26.08 million, a P/E ratio of 18.19 and a beta of 0.90. The company has a fifty day simple moving average of $29.08 and a 200 day simple moving average of $35.35.
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.
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