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

Shares of YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY) 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 market closes on Sunday, December 7th.

YieldMax PYPL Option Income Strategy ETF Stock Performance

NYSEARCA PYPY opened at $8.81 on Friday. YieldMax PYPL Option Income Strategy ETF has a one year low of $8.42 and a one year high of $19.74. The company has a market capitalization of $41.41 million, a price-to-earnings ratio of 18.19 and a beta of 0.81. The company’s 50-day simple moving average is $10.09 and its two-hundred day simple moving average is $11.47.

YieldMax PYPL Option Income Strategy ETF Announces Dividend

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

Institutional Investors Weigh In On YieldMax PYPL Option Income Strategy ETF

An institutional investor recently bought a new position in YieldMax PYPL Option Income Strategy ETF stock. OLD Mission Capital LLC acquired a new position in shares of YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 13,812 shares of the company’s stock, valued at approximately $181,000. OLD Mission Capital LLC owned about 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

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.