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

YieldMax CVNA Option Income Strategy ETF (NYSEARCA:CVNY) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 16,347 shares, a drop of 37.6% from the August 31st total of 26,211 shares. Based on an average daily volume of 26,453 shares, the short-interest ratio is currently 0.6 days. Currently, 1.5% of the company’s shares are sold short.

YieldMax CVNA Option Income Strategy ETF Price Performance

Shares of CVNY opened at $17.86 on Friday. YieldMax CVNA Option Income Strategy ETF has a 52-week low of $16.69 and a 52-week high of $43.18. The business’s 50 day moving average price is $20.06 and its two-hundred day moving average price is $22.63.

About YieldMax CVNA Option Income Strategy ETF

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.