YieldMax NFLX Option Income Strategy ETF (NYSEARCA:NFLY) Short Interest Down 37.3% in May

YieldMax NFLX Option Income Strategy ETF (NYSEARCA:NFLY) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 96,131 shares, a decline of 37.3% from the April 30th total of 153,223 shares. Based on an average trading volume of 119,497 shares, the days-to-cover ratio is presently 0.8 days. Approximately 1.2% of the company’s shares are sold short.

YieldMax NFLX Option Income Strategy ETF Stock Performance

NFLY stock opened at $9.00 on Friday. YieldMax NFLX Option Income Strategy ETF has a 52-week low of $8.94 and a 52-week high of $19.27. The company’s 50 day simple moving average is $10.24 and its 200-day simple moving average is $11.13.

About YieldMax NFLX Option Income Strategy ETF

The YieldMax NFLX Option Income Strategy ETF (NFLY) 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 US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. NFLY was launched on Aug 7, 2023 and is issued by YieldMax.