Short Interest in TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) Rises By 144.7%

TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 294,412 shares, a growth of 144.7% from the May 31st total of 120,297 shares. Based on an average trading volume of 209,972 shares, the days-to-cover ratio is currently 1.4 days. Approximately 2.8% of the company’s stock are short sold.

Institutional Investors Weigh In On TappAlpha SPY Growth & Daily Income ETF

A hedge fund recently raised its position in TappAlpha SPY Growth & Daily Income ETF stock. Cloud Capital Management LLC raised its stake in shares of TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) by 4.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 19,033 shares of the company’s stock after acquiring an additional 847 shares during the period. Cloud Capital Management LLC owned approximately 0.22% of TappAlpha SPY Growth & Daily Income ETF worth $485,000 as of its most recent SEC filing.

TappAlpha SPY Growth & Daily Income ETF Trading Up 0.9%

NASDAQ:TSPY opened at $25.41 on Monday. TappAlpha SPY Growth & Daily Income ETF has a 52 week low of $22.67 and a 52 week high of $26.67. The company’s 50 day moving average price is $25.45 and its 200-day moving average price is $25.06.

TappAlpha SPY Growth & Daily Income ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Tuesday, June 2nd were issued a dividend of $0.2975 per share. This represents a c) dividend on an annualized basis and a dividend yield of 14.0%. The ex-dividend date of this dividend was Tuesday, June 2nd.

TappAlpha SPY Growth & Daily Income ETF Company Profile

The TappAlpha SPY Growth & Daily Income ETF (TSPY) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, aiming to provide a balanced approached to growth and income from US large-cap equities. The fund holds long exposure to the S&P 500 Index and writes daily out-of-the-money calls, using 0DTE options. TSPY was launched on Aug 14, 2024 and is issued by TappAlpha.