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

Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) was the recipient of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 229,893 shares, a growth of 254.3% from the October 15th total of 64,880 shares. Approximately 2.2% of the company’s stock are short sold. Based on an average daily volume of 130,619 shares, the short-interest ratio is currently 1.8 days.

Tidal Trust II Defiance S&P 500 Stock Performance

Shares of NYSEARCA SPYT traded down $0.06 during midday trading on Thursday, hitting $16.40. The company’s stock had a trading volume of 45,458 shares, compared to its average volume of 141,875. Tidal Trust II Defiance S&P 500 has a 1-year low of $15.77 and a 1-year high of $18.15. The firm has a market cap of $169.74 million, a P/E ratio of 23.94 and a beta of 0.88. The firm’s fifty day moving average price is $16.95 and its 200-day moving average price is $17.17.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SPYT. ZEGA Investments LLC increased its position in shares of Tidal Trust II Defiance S&P 500 by 2.0% during the second quarter. ZEGA Investments LLC now owns 118,905 shares of the company’s stock valued at $2,087,000 after purchasing an additional 2,368 shares during the period. Virtue Capital Management LLC bought a new stake in shares of Tidal Trust II Defiance S&P 500 during the third quarter worth $1,959,000. Herbst Group LLC acquired a new stake in shares of Tidal Trust II Defiance S&P 500 during the second quarter worth $1,824,000. Corient Private Wealth LP boosted its position in shares of Tidal Trust II Defiance S&P 500 by 57.0% during the second quarter. Corient Private Wealth LP now owns 27,408 shares of the company’s stock worth $578,000 after purchasing an additional 9,946 shares in the last quarter. Finally, Redwood Family Wealth LLC increased its holdings in shares of Tidal Trust II Defiance S&P 500 by 3.7% in the third quarter. Redwood Family Wealth LLC now owns 32,655 shares of the company’s stock worth $562,000 after acquiring an additional 1,179 shares in the last quarter.

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.