Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT – Get Free Report) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 294,592 shares, a growth of 1,386.2% from the May 14th total of 19,822 shares. Based on an average daily volume of 134,673 shares, the days-to-cover ratio is presently 2.2 days. Currently, 3.5% of the shares of the stock are sold short.
Hedge Funds Weigh In On Tidal Trust II Defiance S&P 500
An institutional investor recently raised its position in Tidal Trust II Defiance S&P 500 stock. PFG Investments LLC raised its position in Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT – Free Report) by 85.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,092 shares of the company’s stock after acquiring an additional 17,078 shares during the quarter. PFG Investments LLC owned approximately 0.44% of Tidal Trust II Defiance S&P 500 worth $605,000 at the end of the most recent quarter.
Tidal Trust II Defiance S&P 500 Trading Down 1.4%
Shares of SPYT traded down $0.24 during mid-day trading on Wednesday, reaching $17.03. 105,181 shares of the stock traded hands, compared to its average volume of 158,690. The company has a market cap of $144.37 million, a price-to-earnings ratio of 24.43 and a beta of 0.88. Tidal Trust II Defiance S&P 500 has a 1 year low of $15.77 and a 1 year high of $18.68. The firm has a fifty day moving average price of $17.29 and a 200 day moving average price of $17.36.
About Tidal Trust II Defiance S&P 500
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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