Short Interest in Kurv Yield Premium Strategy Tesla (TSLA) ETF (BATS:TSLP) Declines By 67.0%

Kurv Yield Premium Strategy Tesla (TSLA) ETF (BATS:TSLP) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 2,660 shares, a decline of 67.0% from the April 30th total of 8,057 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 24,748 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Kurv Yield Premium Strategy Tesla (TSLA) ETF

A hedge fund recently bought a new stake in Kurv Yield Premium Strategy Tesla (TSLA) ETF stock. Jane Street Group LLC acquired a new position in Kurv Yield Premium Strategy Tesla (TSLA) ETF (BATS:TSLP) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 12,189 shares of the company’s stock, valued at approximately $225,000. Jane Street Group LLC owned 1.21% of Kurv Yield Premium Strategy Tesla (TSLA) ETF as of its most recent filing with the Securities & Exchange Commission.

Kurv Yield Premium Strategy Tesla (TSLA) ETF Stock Performance

Shares of TSLP stock opened at $20.35 on Monday. The firm has a market cap of $23.00 million, a price-to-earnings ratio of 120.49 and a beta of 1.18. Kurv Yield Premium Strategy Tesla has a 52 week low of $15.88 and a 52 week high of $26.52. The firm’s 50-day simple moving average is $18.54 and its two-hundred day simple moving average is $21.14.

About Kurv Yield Premium Strategy Tesla (TSLA) ETF

The Kurv Yield Premium Strategy Tesla (TSLA) ETF (TSLP) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund seeks to provide current income and capped gains on the Tesla stock (TSLA) 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. TSLP was launched on Oct 27, 2023 and is issued by Kurv.