Kurv Yield Premium Strategy Apple (AAPL) ETF (NYSEARCA:AAPY) Trading Down 0.8% – Here’s Why

Kurv Yield Premium Strategy Apple (AAPL) ETF (NYSEARCA:AAPY)’s stock price traded down 0.8% during trading on Tuesday . The stock traded as low as $22.84 and last traded at $22.97. 1,991 shares were traded during mid-day trading, a decline of 62% from the average session volume of 5,206 shares. The stock had previously closed at $23.16.

Kurv Yield Premium Strategy Apple (AAPL) ETF Price Performance

The company’s 50-day moving average price is $22.22 and its 200 day moving average price is $22.29.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Kurv Yield Premium Strategy Apple (AAPL) ETF stock. OLD Mission Capital LLC purchased a new position in Kurv Yield Premium Strategy Apple (AAPL) ETF (NYSEARCA:AAPY) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 10,615 shares of the company’s stock, valued at approximately $249,000. OLD Mission Capital LLC owned approximately 5.90% of Kurv Yield Premium Strategy Apple (AAPL) ETF at the end of the most recent reporting period.

About Kurv Yield Premium Strategy Apple (AAPL) ETF

The Kurv Yield Premium Strategy Apple (AAPL) ETF (AAPY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Apple stock (AAPL) through a synthetic covered call strategy, collateralized by cash and short-term fixed-income instruments.