Kurv Yield Premium Strategy Apple (AAPL) ETF (NYSEARCA:AAPY) Shares Down 0.6% – Here’s Why

Kurv Yield Premium Strategy Apple (AAPL) ETF (NYSEARCA:AAPY) shares dropped 0.6% during mid-day trading on Friday . The stock traded as low as $25.63 and last traded at $25.63. Approximately 1,618 shares traded hands during trading, a decline of 66% from the average daily volume of 4,823 shares. The stock had previously closed at $25.79.

Kurv Yield Premium Strategy Apple (AAPL) ETF Trading Down 0.6%

The firm has a fifty day moving average of $24.62 and a 200-day moving average of $23.02.

Institutional Investors Weigh In On Kurv Yield Premium Strategy Apple (AAPL) ETF

A hedge fund recently bought a new stake in Kurv Yield Premium Strategy Apple (AAPL) ETF stock. OLD Mission Capital LLC bought a new stake in Kurv Yield Premium Strategy Apple (AAPL) ETF (NYSEARCA:AAPY) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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 quarter.

Kurv Yield Premium Strategy Apple (AAPL) ETF Company Profile

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.