YieldMax CVNA Option Income Strategy ETF (NYSEARCA:CVNY) Short Interest Up 771.7% in July

YieldMax CVNA Option Income Strategy ETF (NYSEARCA:CVNY) was the recipient of 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. Currently, 9.9% of the company’s shares are sold short. Based on an average daily volume of 16,813 shares, the days-to-cover ratio is presently 5.3 days.

YieldMax CVNA Option Income Strategy ETF Stock Performance

Shares of CVNY opened at $19.05 on Monday. The business has a fifty day moving average of $22.12 and a 200 day moving average of $26.88. YieldMax CVNA Option Income Strategy ETF has a 52-week low of $18.76 and a 52-week high of $47.18.

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.