Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT – Get Free Report) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 19,822 shares, a decrease of 92.7% from the April 30th total of 272,141 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 141,936 shares, the short-interest ratio is currently 0.1 days.
Hedge Funds Weigh In On Tidal Trust II Defiance S&P 500
A hedge fund recently raised its stake in Tidal Trust II Defiance S&P 500 stock. PFG Investments LLC boosted its stake in Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT – Free Report) by 85.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,092 shares of the company’s stock after buying an additional 17,078 shares during the period. PFG Investments LLC owned 0.44% of Tidal Trust II Defiance S&P 500 worth $605,000 at the end of the most recent quarter.
Tidal Trust II Defiance S&P 500 Stock Performance
Shares of Tidal Trust II Defiance S&P 500 stock traded up $0.03 during trading on Wednesday, hitting $17.94. 241,577 shares of the stock were exchanged, compared to its average volume of 158,584. The stock’s fifty day moving average is $17.03 and its 200 day moving average is $17.38. The stock has a market cap of $152.13 million, a PE ratio of 24.43 and a beta of 0.88. Tidal Trust II Defiance S&P 500 has a 12 month low of $15.77 and a 12 month high of $18.68.
About Tidal Trust II Defiance S&P 500
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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