Kurv Yield Premium Strategy Microsoft (MSFT) ETF (BATS:MSFY) Sees Large Drop in Short Interest

Kurv Yield Premium Strategy Microsoft (MSFT) ETF (BATS:MSFY) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 1,928 shares, a drop of 68.9% from the August 15th total of 6,201 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average trading volume of 6,845 shares, the short-interest ratio is presently 0.3 days.

Kurv Yield Premium Strategy Microsoft (MSFT) ETF Price Performance

MSFY opened at $20.10 on Monday. Kurv Yield Premium Strategy Microsoft has a fifty-two week low of $15.38 and a fifty-two week high of $28.10. The company has a fifty day moving average of $19.08 and a two-hundred day moving average of $18.50.

About Kurv Yield Premium Strategy Microsoft (MSFT) ETF

The Kurv Yield Premium Strategy Microsoft (MSFT) ETF (MSFY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Microsoft stock (MSFT) 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. MSFY was launched on Oct 31, 2023 and is issued by Kurv.