YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY) Trading 0.7% Higher – Still a Buy?

YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPYGet Free Report)’s stock price traded up 0.7% during trading on Thursday . The company traded as high as $25.54 and last traded at $25.54. Approximately 1,874 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 20,132 shares. The stock had previously closed at $25.35.

YieldMax PYPL Option Income Strategy ETF Stock Performance

The company has a 50 day moving average price of $26.19 and a 200 day moving average price of $30.67. The firm has a market cap of $11.75 million, a price-to-earnings ratio of 18.19 and a beta of 0.84.

YieldMax PYPL Option Income Strategy ETF Company Profile

(Get Free Report)

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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