YieldMax NFLX Option Income Strategy ETF (NYSEARCA:NFLY) Sees Significant Decline in Short Interest

YieldMax NFLX Option Income Strategy ETF (NYSEARCA:NFLY) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 73,343 shares, a decrease of 45.8% from the September 15th total of 135,242 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 82,632 shares, the days-to-cover ratio is presently 0.9 days.

YieldMax NFLX Option Income Strategy ETF Stock Performance

Shares of NYSEARCA NFLY traded down $0.03 during mid-day trading on Wednesday, hitting $6.71. 5,990 shares of the stock were exchanged, compared to its average volume of 112,000. The stock’s fifty day simple moving average is $7.39 and its two-hundred day simple moving average is $8.56. YieldMax NFLX Option Income Strategy ETF has a twelve month low of $6.53 and a twelve month high of $16.58.

About YieldMax NFLX Option Income Strategy ETF

The YieldMax NFLX Option Income Strategy ETF (NFLY) is an exchange-traded fund that mostly invests in communication services equity. The fund seeks to provide current income and capped gains on the Netflix stock (NFLX) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. NFLY was launched on Aug 7, 2023 and is issued by YieldMax.