Kurv Yield Premium Strategy Google (GOOGL) ETF (BATS:GOOP) Sees Large Growth in Short Interest

Kurv Yield Premium Strategy Google (GOOGL) ETF (BATS:GOOP) saw a large increase in short interest in May. As of May 15th, there was short interest totaling 19,263 shares, an increase of 143.1% from the April 30th total of 7,924 shares. Based on an average daily trading volume, of 15,373 shares, the days-to-cover ratio is currently 1.3 days. Currently, 5.7% of the shares of the stock are sold short.

Kurv Yield Premium Strategy Google (GOOGL) ETF Stock Performance

GOOP opened at $44.10 on Friday. Kurv Yield Premium Strategy Google has a fifty-two week low of $23.49 and a fifty-two week high of $48.23. The firm’s fifty day moving average is $40.44 and its 200 day moving average is $39.21.

About Kurv Yield Premium Strategy Google (GOOGL) ETF

The Kurv Yield Premium Strategy Google (GOOGL) ETF (GOOP) is an exchange-traded fund that mostly invests in communication services equity. The fund seeks to provide current income and capped gains on the Google stock (GOOGL) 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. GOOP was launched on Oct 31, 2023 and is issued by Kurv.