YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY) Stock Short Interest Jumps 60.8%

YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 21,269 shares, an increase of 60.8% from the September 15th total of 13,227 shares. Based on an average daily volume of 12,164 shares, the short-interest ratio is presently 1.7 days. Currently, 4.2% of the company’s shares are sold short.

YieldMax PYPL Option Income Strategy ETF Price Performance

Shares of NYSEARCA:PYPY traded up $0.05 during trading on Friday, hitting $26.31. The company had a trading volume of 1,364 shares, compared to its average volume of 20,314. The stock has a market cap of $13.42 million, a price-to-earnings ratio of 18.19 and a beta of 0.69. The company has a fifty day simple moving average of $27.38 and a two-hundred day simple moving average of $27.72. YieldMax PYPL Option Income Strategy ETF has a one year low of $24.15 and a one year high of $57.00.

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. PYPY was launched on Sep 25, 2023 and is issued by YieldMax.