YieldMax PYPL Option Income Strategy ETF
PYPY
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 11755 Wilshire Blvd, Suite 2400 Los Angeles CA United States of America 90025
- IPO Date
- Sep 26, 2023
- Website
- yieldmaxetfs.com
- Similar Companies
- Business
- YieldMax PYPL Option Income Strategy ETF (PYPY) is an actively managed exchange-traded fund that seeks current monthly income through a synthetic covered call strategy on PayPal Holdings, Inc. (PYPL), collateralized by cash and U.S. Treasurys; the fund employs both standardized exchange-traded and FLEX options, limiting upside participation in PYPL price gains while exposing investors to full downside risk. PYPY holds a concentrated portfolio of approximately 16 positions, including options contracts and short-term U.S. government securities. Launched on September 25, 2023, the ETF is issued by Tidal Trust II, with Tidal Investments LLC serving as adviser and administrator based in Milwaukee, Wisconsin; sub-adviser and other services are provided by ZEGA Financial, LLC, and the fund is distributed by Foreside Fund Services, LLC in Portland, Maine. The ETF targets income-seeking investors in the financial services sector, specifically those interested in high-yield option income strategies tied to individual growth stocks like PYPL; it operates primarily in the U.S. market, trading on NYSE Arca. YieldMax ETFs, the brand under which PYPY falls, focuses on innovative single-issuer and thematic option income products across technology, finance, and other sectors. In recent developments, PYPY implemented a 1-for-5 reverse stock split effective December 8, 2025, to elevate its per-share price amid ongoing distributions that have impacted net asset value; this follows similar actions across 15 YieldMax ETFs in late 2025. YieldMax announced a strategic partnership and merger integration between Tidal Investments LLC and ZEGA Financial LLC in early 2025, enhancing trading capabilities, portfolio management, and options strategies for its ETF platform. The firm also expanded with new fund launches, including a Growth + Income family in November 2025 and European UCITS ETFs like NATY and ULTY via HANetf partnership, alongside strategic updates to funds like ULTY for improved NAV stability.