YieldMax CVNA Option Income Strategy ETF (NYSEARCA:CVNY) Short Interest Update

YieldMax CVNA Option Income Strategy ETF (NYSEARCA:CVNY) was the recipient of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 26,638 shares, a decline of 82.3% from the May 14th total of 150,565 shares. Currently, 3.3% of the company’s shares are sold short. Based on an average daily volume of 58,439 shares, the days-to-cover ratio is currently 0.5 days.

YieldMax CVNA Option Income Strategy ETF Trading Down 3.5%

Shares of NYSEARCA CVNY traded down $0.79 during mid-day trading on Friday, reaching $21.58. The company had a trading volume of 28,531 shares, compared to its average volume of 40,567. YieldMax CVNA Option Income Strategy ETF has a 52 week low of $20.95 and a 52 week high of $47.18. The business’s 50-day moving average is $25.52 and its 200-day moving average is $30.50.

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.