Kurv Yield Premium Strategy Microsoft (MSFT) ETF (BATS:MSFY) Sees Significant Increase in Short Interest

Kurv Yield Premium Strategy Microsoft (MSFT) ETF (BATS:MSFY) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 18,817 shares, a growth of 140.0% from the June 30th total of 7,840 shares. Based on an average trading volume of 12,253 shares, the days-to-cover ratio is currently 1.5 days. Approximately 9.0% of the company’s shares are short sold.

Kurv Yield Premium Strategy Microsoft (MSFT) ETF Trading Up 1.6%

BATS MSFY opened at $16.88 on Tuesday. The business’s fifty day simple moving average is $17.64 and its 200-day simple moving average is $18.80. Kurv Yield Premium Strategy Microsoft has a 52 week low of $15.38 and a 52 week high of $28.47.

Kurv Yield Premium Strategy Microsoft (MSFT) ETF Company Profile

The Kurv Yield Premium Strategy Microsoft (MSFT) ETF (MSFY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Microsoft stock (MSFT) through a synthetic covered call strategy, collateralized by cash and short-term fixed-income instruments. The actively managed fund uses both standardized exchange-traded and FLEX options. MSFY was launched on Oct 31, 2023 and is issued by Kurv.