Kurv Yield Premium Strategy Apple (AAPL) ETF (NYSEARCA:AAPY) Trading Down 2.8% – Here’s Why

Kurv Yield Premium Strategy Apple (AAPL) ETF (NYSEARCA:AAPY)’s stock price traded down 2.8% on Friday . The company traded as low as $22.69 and last traded at $22.71. 2,833 shares were traded during mid-day trading, a decline of 42% from the average session volume of 4,901 shares. The stock had previously closed at $23.36.

Kurv Yield Premium Strategy Apple (AAPL) ETF Trading Down 2.8%

The business’s fifty day moving average is $24.26 and its 200-day moving average is $24.00.

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. The actively managed fund uses both standardized exchange-traded and FLEX options. AAPY was launched on Oct 27, 2023 and is issued by Kurv.