YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY) Shares Up 1.1% – Time to Buy?

YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY)’s stock price was up 1.1% during mid-day trading on Monday . The stock traded as high as $31.62 and last traded at $31.62. Approximately 9,096 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 26,621 shares. The stock had previously closed at $31.27.

YieldMax PYPL Option Income Strategy ETF Stock Performance

The stock has a market cap of $39.21 million, a PE ratio of 18.19 and a beta of 0.95. The stock has a fifty day moving average price of $29.58 and a 200 day moving average price of $39.03.

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.