YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY) Trading 0.8% Higher – Time to Buy?

YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY) shares rose 0.8% during mid-day trading on Wednesday . The stock traded as high as $41.91 and last traded at $41.91. Approximately 6,921 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 11,050 shares. The stock had previously closed at $41.58.

YieldMax PYPL Option Income Strategy ETF Price Performance

The stock’s 50 day moving average is $46.18 and its two-hundred day moving average is $54.45. The stock has a market capitalization of $39.40 million, a PE ratio of 18.19 and a beta of 0.81.

YieldMax PYPL Option Income Strategy ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 19th. Shareholders of record on Thursday, December 18th were given a $0.4415 dividend. The ex-dividend date of this dividend was Thursday, December 18th. This represents a dividend yield of 3,224.0%.

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 bought a new stake in YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 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 reporting period.

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. PYPY was launched on Sep 25, 2023 and is issued by YieldMax.