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

TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) was the recipient of a significant growth in short interest during the month of 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. Currently, 2.8% of the shares of the company are short sold. Based on an average trading volume of 209,972 shares, the short-interest ratio is presently 1.4 days.

TappAlpha SPY Growth & Daily Income ETF Trading Down 0.6%

Shares of NASDAQ:TSPY traded down $0.16 during trading on Tuesday, reaching $25.32. 209,392 shares of the stock were exchanged, compared to its average volume of 279,637. TappAlpha SPY Growth & Daily Income ETF has a 12 month low of $22.67 and a 12 month high of $26.67. The stock has a 50-day moving average price of $25.46 and a 200-day moving average price of $25.06.

TappAlpha SPY Growth & Daily Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Tuesday, June 30th will be issued a dividend of $0.2952 per share. This represents a c) annualized dividend and a yield of 14.0%. The ex-dividend date of this dividend is Tuesday, June 30th.

Institutional Trading of TappAlpha SPY Growth & Daily Income ETF

A hedge fund recently raised its stake in TappAlpha SPY Growth & Daily Income ETF stock. Cloud Capital Management LLC grew its position 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 Securities and Exchange Commission (SEC). The firm owned 19,033 shares of the company’s stock after buying 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 at the end of the most recent quarter.

About TappAlpha SPY Growth & Daily Income ETF

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.