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

YieldMax CVNA Option Income Strategy ETF (NYSEARCA:CVNY) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 89,411 shares, an increase of 771.7% from the June 30th total of 10,257 shares. Based on an average daily volume of 16,813 shares, the days-to-cover ratio is currently 5.3 days. Currently, 9.9% of the company’s shares are short sold.

YieldMax CVNA Option Income Strategy ETF Stock Performance

YieldMax CVNA Option Income Strategy ETF stock traded down $0.08 during trading hours on Friday, reaching $19.05. 13,803 shares of the company’s stock were exchanged, compared to its average volume of 36,301. YieldMax CVNA Option Income Strategy ETF has a twelve month low of $18.76 and a twelve month high of $47.18. The firm’s 50 day simple moving average is $22.12 and its 200 day simple moving average is $26.95.

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.