Kurv Yield Premium Strategy Netflix (NFLX) ETF (BATS:NFLP) Shares Down 1.7% – Here’s Why

Kurv Yield Premium Strategy Netflix (NFLX) ETF (BATS:NFLP) fell 1.7% during trading on Wednesday . The company traded as low as $22.51 and last traded at $22.64. 3,392 shares were traded during trading, a decline of 53% from the average session volume of 7,223 shares. The stock had previously closed at $23.02.

Kurv Yield Premium Strategy Netflix (NFLX) ETF Trading Down 1.7%

The stock’s 50 day moving average is $25.26 and its 200 day moving average is $26.54.

Kurv Yield Premium Strategy Netflix (NFLX) ETF Company Profile

The Kurv Yield Premium Strategy Netflix (NFLX) ETF (NFLP) is an exchange-traded fund that mostly invests in communication services equity. The fund seeks to provide current income and capped gains on the Netflix stock (NFLX) 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. NFLP was launched on Oct 27, 2023 and is issued by Kurv.