YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY) Shares Up 1.1% – What’s Next?

YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY)’s stock price shot up 1.1% on Monday . The company traded as high as $31.62 and last traded at $31.62. 9,096 shares were traded during mid-day trading, a decline of 66% from the average session volume of 26,621 shares. The stock had previously closed at $31.27.

YieldMax PYPL Option Income Strategy ETF Stock Up 0.2%

The business has a 50-day simple moving average of $29.70 and a two-hundred day simple moving average of $38.81. The company has a market cap of $39.05 million, a price-to-earnings ratio of 18.19 and a beta of 0.95.

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.