YieldMax PYPL Option Income Strategy ETF (PYPY) Stock Price, Quote, News & History | Benzinga

The Fund is an actively managed exchange-traded fund (ETF) that seeks current income while maintaining the opportunity for exposure to the share price (i.e., the price returns) of the Class A common stock of PayPal Holdings, Inc. (PYPL), subject to a limit on potential investment gains. The Fund will seek to employ its investment strategy as it relates to PYPL regardless of whether there are periods of adverse market, economic, or other conditions and will not seek to take temporary defensive positions during such periods. As further described below, the Fund uses a synthetic covered call strategy to provide income and indirect exposure to the share price returns of PYPL, subject to a limit on potential investment gains as a result of the nature of the options strategy it employs. More precisely, the Fund aims to generate additional income from its options investments when PYPL rises in value.