YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY) Stock Price Down 1.5% – Should You Sell?

Shares of YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY) fell 1.5% during mid-day trading on Wednesday . The stock traded as low as $10.29 and last traded at $10.31. 91,927 shares traded hands during mid-day trading, an increase of 66% from the average session volume of 55,229 shares. The stock had previously closed at $10.47.

YieldMax PYPL Option Income Strategy ETF Stock Performance

The firm’s 50 day moving average is $10.98 and its 200-day moving average is $12.02. The firm has a market cap of $52.27 million, a price-to-earnings ratio of 18.19 and a beta of 1.08.

YieldMax PYPL Option Income Strategy ETF Announces Dividend

The business also recently announced a dividend, which will be paid on Friday, October 24th. Investors of record on Thursday, October 23rd will be issued a $0.0883 dividend. This represents a yield of 4,454.0%. The ex-dividend date is Thursday, October 23rd.

Institutional Investors Weigh In On YieldMax PYPL Option Income Strategy ETF

A hedge fund recently bought a new stake in YieldMax PYPL Option Income Strategy ETF stock. OLD Mission Capital LLC acquired a new position in YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 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 quarter.

About YieldMax PYPL Option Income Strategy ETF

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.