Kurv Yield Premium Strategy Netflix (NFLX) ETF (BATS:NFLP) Sees Large Increase in Short Interest

Kurv Yield Premium Strategy Netflix (NFLX) ETF (BATS:NFLP) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 2,735 shares, a growth of 1,309.8% from the June 15th total of 194 shares. Based on an average daily trading volume, of 5,757 shares, the short-interest ratio is presently 0.5 days. Currently, 0.8% of the company’s stock are sold short.

Kurv Yield Premium Strategy Netflix (NFLX) ETF Trading Down 3.3%

Shares of BATS:NFLP traded down $0.61 during midday trading on Friday, hitting $18.13. 3,723 shares of the company’s stock were exchanged, compared to its average volume of 6,566. The stock has a 50 day moving average price of $21.11 and a 200-day moving average price of $24.07. Kurv Yield Premium Strategy Netflix has a 12 month low of $17.47 and a 12 month high of $40.40.

About Kurv Yield Premium Strategy Netflix (NFLX) ETF

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.