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

YieldMax CVNA Option Income Strategy ETF (NYSEARCA:CVNY) was the target of a large decline in short interest during 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. Approximately 3.3% of the shares of the company are short sold. Based on an average trading volume of 58,439 shares, the days-to-cover ratio is presently 0.5 days.

YieldMax CVNA Option Income Strategy ETF Stock Performance

CVNY traded down $0.56 during trading on Wednesday, hitting $22.57. The stock had a trading volume of 11,209 shares, compared to its average volume of 40,735. The company has a 50 day moving average price of $25.58 and a 200-day moving average price of $30.62. YieldMax CVNA Option Income Strategy ETF has a one year low of $20.95 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.