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

Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) saw a significant decrease in short interest in July. As of July 15th, there was short interest totaling 116,258 shares, a decrease of 56.0% from the June 30th total of 264,469 shares. Based on an average daily volume of 136,228 shares, the short-interest ratio is presently 0.9 days. Approximately 1.3% of the shares of the stock are sold short.

Institutional Trading of 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 raised its holdings in Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) by 85.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 37,092 shares of the company’s stock after acquiring 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 reporting period.

Tidal Trust II Defiance S&P 500 Price Performance

Shares of SPYT opened at $16.94 on Thursday. Tidal Trust II Defiance S&P 500 has a 1-year low of $15.77 and a 1-year high of $18.68. The stock has a market cap of $152.12 million, a price-to-earnings ratio of 24.43 and a beta of 0.88. The firm has a 50 day simple moving average of $17.42 and a 200-day simple moving average of $17.24.

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.