Short Interest in YieldMax CVNA Option Income Strategy ETF (NYSEARCA:CVNY) Rises By 560.9%

YieldMax CVNA Option Income Strategy ETF (NYSEARCA:CVNY) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 10,257 shares, a growth of 560.9% from the June 15th total of 1,552 shares. Approximately 1.0% of the shares of the stock are short sold. Based on an average daily volume of 22,440 shares, the short-interest ratio is currently 0.5 days.

YieldMax CVNA Option Income Strategy ETF Price Performance

Shares of CVNY stock traded down $0.13 during trading hours on Monday, reaching $21.16. The stock had a trading volume of 16,218 shares, compared to its average volume of 37,818. The stock’s fifty day simple moving average is $23.22 and its 200 day simple moving average is $28.05. YieldMax CVNA Option Income Strategy ETF has a 12 month low of $20.37 and a 12 month high of $47.18.

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.