YieldMax AAPL Option Income Strategy ETF (NYSEARCA:APLY) Stock Price Down 1.7% – Should You Sell?

Shares of YieldMax AAPL Option Income Strategy ETF (NYSEARCA:APLY) traded down 1.7% on Friday . The company traded as low as $11.58 and last traded at $11.59. 86,032 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 191,250 shares. The stock had previously closed at $11.79.

YieldMax AAPL Option Income Strategy ETF Stock Performance

The firm has a 50 day moving average price of $12.48 and a 200-day moving average price of $13.22.

YieldMax AAPL Option Income Strategy ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 26th were given a dividend of $0.0481 per share. The ex-dividend date was Thursday, February 26th. This represents a yield of 3,775.0%.

YieldMax AAPL Option Income Strategy ETF Company Profile

The YieldMax AAPL Option Income Strategy ETF (APLY) 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 US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. APLY was launched on Apr 18, 2023 and is managed by Tidal.