YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) Sees Significant Increase in Short Interest

YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 691,483 shares, a growth of 80.2% from the September 15th total of 383,669 shares. Based on an average daily volume of 793,012 shares, the days-to-cover ratio is presently 0.9 days. Currently, 3.6% of the shares of the company are short sold.

YieldMax COIN Option Income Strategy ETF Price Performance

Shares of NYSEARCA CONY traded down $0.43 during mid-day trading on Thursday, hitting $18.05. 317,882 shares of the company were exchanged, compared to its average volume of 489,843. The stock has a 50 day simple moving average of $19.79 and a 200-day simple moving average of $22.03. YieldMax COIN Option Income Strategy ETF has a 1-year low of $17.22 and a 1-year high of $68.67.

About YieldMax COIN Option Income Strategy ETF

The YieldMax COIN Option Income Strategy ETF (CONY) is an exchange-traded fund that mostly invests in financials equity. The fund seeks to provide current income and capped gains on the Coinbase Global Inc stock (COIN) through a synthetic covered call strategy, collateralized by cash and US Treasurys CONY was launched on Aug 14, 2023 and is issued by YieldMax.