Short Interest in Kurv Yield Premium Strategy Microsoft (MSFT) ETF (BATS:MSFY) Drops By 66.3%

Kurv Yield Premium Strategy Microsoft (MSFT) ETF (BATS:MSFY) saw a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 17,220 shares, a decline of 66.3% from the April 15th total of 51,040 shares. Approximately 8.2% of the company’s shares are sold short. Based on an average daily volume of 16,589 shares, the days-to-cover ratio is currently 1.0 days.

Kurv Yield Premium Strategy Microsoft (MSFT) ETF Trading Up 3.3%

BATS:MSFY opened at $18.96 on Friday. The company’s 50-day moving average is $18.26 and its two-hundred day moving average is $21.56. Kurv Yield Premium Strategy Microsoft has a 1-year low of $16.31 and a 1-year high of $28.47.

About Kurv Yield Premium Strategy Microsoft (MSFT) ETF

The Kurv Yield Premium Strategy Microsoft (MSFT) ETF (MSFY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Microsoft stock (MSFT) 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. MSFY was launched on Oct 31, 2023 and is issued by Kurv.