YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY) Trading Down 0.2% – Time to Sell?

YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY) was down 0.2% on Thursday . The company traded as low as $28.08 and last traded at $28.43. Approximately 6,984 shares changed hands during trading, a decline of 29% from the average daily volume of 9,781 shares. The stock had previously closed at $28.50.

YieldMax PYPL Option Income Strategy ETF Stock Down 0.2%

The stock’s 50 day moving average is $37.20 and its two-hundred day moving average is $46.77. The company has a market capitalization of $22.18 million, a PE ratio of 18.19 and a beta of 0.81.

YieldMax PYPL Option Income Strategy ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, February 20th. Stockholders of record on Thursday, February 19th will be paid a dividend of $0.2419 per share. The ex-dividend date is Thursday, February 19th. This represents a dividend yield of 3,909.0%.

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.