TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) Short Interest Update

TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 170,314 shares, an increase of 415.3% from the July 15th total of 33,051 shares. Approximately 1.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 193,326 shares, the short-interest ratio is presently 0.9 days.

TappAlpha SPY Growth & Daily Income ETF Stock Performance

NASDAQ:TSPY traded up $0.03 during mid-day trading on Friday, reaching $26.00. The stock had a trading volume of 29,850 shares, compared to its average volume of 263,002. The firm has a 50 day moving average price of $25.41 and a two-hundred day moving average price of $25.04. TappAlpha SPY Growth & Daily Income ETF has a one year low of $22.67 and a one year high of $26.67.

TappAlpha SPY Growth & Daily Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Tuesday, August 4th were issued a $0.3001 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 13.8%. The ex-dividend date was Tuesday, August 4th. This is a positive change from TappAlpha SPY Growth & Daily Income ETF’s previous monthly dividend of $0.30.

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

Institutional investors have recently made changes to their positions in the business. Cloud Capital Management LLC grew its holdings in shares of TappAlpha SPY Growth & Daily Income ETF by 4.7% during the 4th quarter. Cloud Capital Management LLC now owns 19,033 shares of the company’s stock valued at $485,000 after purchasing an additional 847 shares during the last quarter. Compass Financial Management LLC bought a new stake in TappAlpha SPY Growth & Daily Income ETF in the second quarter worth $142,000. Finally, Triumph Capital Management bought a new stake in TappAlpha SPY Growth & Daily Income ETF in the third quarter worth $1,646,000.

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.