Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT – Get Free Report) was the target of a significant increase in short interest in the month of 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 shares of the stock are short sold.
Institutional Investors 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 grew its position in Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT – Free Report) by 85.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,092 shares of the company’s stock after acquiring an additional 17,078 shares during the quarter. PFG Investments LLC owned about 0.44% of Tidal Trust II Defiance S&P 500 worth $605,000 as of its most recent SEC filing.
Tidal Trust II Defiance S&P 500 Stock Performance
Shares of SPYT stock traded up $0.04 on Tuesday, reaching $17.37. 65,093 shares of the company were exchanged, compared to its average volume of 155,944. Tidal Trust II Defiance S&P 500 has a 1 year low of $15.77 and a 1 year high of $18.68. The business has a 50-day moving average price of $17.53 and a 200 day moving average price of $17.29. The company has a market cap of $155.98 million, a price-to-earnings ratio of 24.43 and a beta of 0.88.
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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