YieldMax CVNA Option Income Strategy ETF (NYSEARCA:CVNY) Sees Significant Increase in Short Interest

YieldMax CVNA Option Income Strategy ETF (NYSEARCA:CVNY) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 10,257 shares, an increase of 560.9% from the June 15th total of 1,552 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average daily trading volume, of 22,440 shares, the short-interest ratio is presently 0.5 days.

YieldMax CVNA Option Income Strategy ETF Price Performance

Shares of NYSEARCA CVNY traded down $0.19 during midday trading on Friday, hitting $21.29. 20,520 shares of the stock traded hands, compared to its average volume of 37,986. The firm has a 50-day moving average of $23.22 and a two-hundred day moving average of $28.12. YieldMax CVNA Option Income Strategy ETF has a one year low of $20.37 and a one year high of $47.18.

YieldMax CVNA Option Income Strategy ETF Company Profile

The YieldMax CVNA Option Income Strategy ETF (CVNY) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund seeks to provide current income and capped gains on the Carvana stock (CVNA) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. CVNY was launched on Jan 29, 2025 and is issued by YieldMax.