Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT – Get Free Report) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 178,495 shares, a growth of 301.3% from the August 15th total of 44,483 shares. Based on an average trading volume of 123,959 shares, the days-to-cover ratio is presently 1.4 days. Currently, 2.0% of the shares of the company are sold short.
Tidal Trust II Defiance S&P 500 Trading Up 0.8%
Shares of SPYT stock opened at $17.13 on Friday. Tidal Trust II Defiance S&P 500 has a 1 year low of $15.77 and a 1 year high of $18.68. The firm’s fifty day simple moving average is $17.33 and its 200 day simple moving average is $17.22. The firm has a market capitalization of $153.83 million, a P/E ratio of 24.43 and a beta of 0.88.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the stock. ZEGA Investments LLC bought a new position in Tidal Trust II Defiance S&P 500 during the second quarter valued at about $261,000. Wealthcare Advisory Partners LLC increased its position in shares of Tidal Trust II Defiance S&P 500 by 9.4% during the second quarter. Wealthcare Advisory Partners LLC now owns 22,354 shares of the company’s stock valued at $392,000 after purchasing an additional 1,915 shares during the period. Corient Private Wealth LP raised its stake in shares of Tidal Trust II Defiance S&P 500 by 57.0% in the second quarter. Corient Private Wealth LP now owns 27,408 shares of the company’s stock valued at $578,000 after purchasing an additional 9,946 shares in the last quarter. PFG Investments LLC lifted its position in Tidal Trust II Defiance S&P 500 by 85.3% in the first quarter. PFG Investments LLC now owns 37,092 shares of the company’s stock worth $605,000 after purchasing an additional 17,078 shares during the period. Finally, Herbst Group LLC acquired a new stake in Tidal Trust II Defiance S&P 500 during the second quarter worth $1,824,000.
Tidal Trust II Defiance S&P 500 Company Profile
The Defiance S&P 500 Target Income ETF (SPYT) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund-of-funds seeking to provide current income through option premiums from daily S&P 500 call spreads. The secondary objective of the fund is to seek exposure to the indexs performance. SPYT was launched on Mar 7, 2024 and is issued by Defiance.
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