YieldMax AAPL Option Income Strategy ETF (NYSEARCA:APLY) Sees Large Decline in Short Interest

YieldMax AAPL Option Income Strategy ETF (NYSEARCA:APLY) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 84,380 shares, a drop of 46.0% from the June 30th total of 156,401 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average daily volume of 60,165 shares, the short-interest ratio is presently 1.4 days.

YieldMax AAPL Option Income Strategy ETF Trading Down 0.5%

Shares of NYSEARCA:APLY traded down $0.06 during midday trading on Wednesday, reaching $12.83. 160,239 shares of the company’s stock traded hands, compared to its average volume of 160,782. YieldMax AAPL Option Income Strategy ETF has a one year low of $11.05 and a one year high of $14.21. The stock has a 50 day moving average of $12.30 and a 200 day moving average of $12.25.

About YieldMax AAPL Option Income Strategy ETF

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.