Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) Sees Significant Growth in Short Interest

Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYTGet Free Report) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 264,469 shares, an increase of 239.5% from the June 15th total of 77,905 shares. Based on an average daily volume of 144,175 shares, the days-to-cover ratio is presently 1.8 days. Approximately 2.9% of the company’s stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Tidal Trust II Defiance S&P 500 stock. Wealthcare Advisory Partners LLC boosted its holdings in shares of Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYTFree Report) by 9.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,354 shares of the company’s stock after buying an additional 1,915 shares during the period. Wealthcare Advisory Partners LLC owned approximately 0.25% of Tidal Trust II Defiance S&P 500 worth $392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Tidal Trust II Defiance S&P 500 Stock Performance

NYSEARCA SPYT opened at $17.45 on Monday. The company has a market cap of $156.70 million, a PE ratio of 24.43 and a beta of 0.88. The firm’s 50 day moving average price is $17.53 and its 200-day moving average price is $17.29. Tidal Trust II Defiance S&P 500 has a 52-week low of $15.77 and a 52-week high of $18.68.

About Tidal Trust II Defiance S&P 500

(Get Free Report)

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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