YieldMax CVNA Option Income Strategy ETF (NYSEARCA:CVNY) Sees Large Decline in Short Interest

YieldMax CVNA Option Income Strategy ETF (NYSEARCA:CVNY – Get Free Report) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 26,638 shares, a decrease 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 short-interest ratio is presently 0.5 days.

YieldMax CVNA Option Income Strategy ETF Stock Performance

Shares of CVNY stock traded down $0.20 on Thursday, hitting $22.37. 34,438 shares of the stock traded hands, compared to its average volume of 40,678. YieldMax CVNA Option Income Strategy ETF has a 1-year low of $20.95 and a 1-year high of $47.18. The company’s fifty day moving average is $25.52 and its 200 day moving average is $30.50.

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About YieldMax CVNA Option Income Strategy ETF

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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.

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