Kurv Yield Premium Strategy Apple (AAPL) ETF (BATS:AAPY) Shares Down 0.7% – Here’s What Happened

Shares of Kurv Yield Premium Strategy Apple (AAPL) ETF (BATS:AAPY) were down 0.7% during mid-day trading on Tuesday . The stock traded as low as $25.25 and last traded at $25.25. 1,183 shares changed hands during trading, a decline of 71% from the average session volume of 4,085 shares. The stock had previously closed at $25.42.

Kurv Yield Premium Strategy Apple (AAPL) ETF Stock Down 7.1%

The business’s 50 day moving average is $25.32 and its 200 day moving average is $24.20.

About Kurv Yield Premium Strategy Apple (AAPL) ETF

The Kurv Yield Premium Strategy Apple (AAPL) ETF (AAPY) 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 short-term fixed-income instruments. The actively managed fund uses both standardized exchange-traded and FLEX options. AAPY was launched on Oct 27, 2023 and is issued by Kurv.