Short Interest in TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) Grows By 47.3%

TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) was the target of a large growth in short interest in December. As of December 15th, there was short interest totaling 74,647 shares, a growth of 47.3% from the November 30th total of 50,676 shares. Currently, 1.6% of the shares of the stock are short sold. Based on an average daily volume of 122,391 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 122,391 shares, the days-to-cover ratio is presently 0.6 days. Currently, 1.6% of the shares of the stock are short sold.

TappAlpha SPY Growth & Daily Income ETF Price Performance

TSPY stock opened at $25.82 on Monday. TappAlpha SPY Growth & Daily Income ETF has a 52 week low of $20.02 and a 52 week high of $26.67. The company’s 50-day moving average price is $25.46 and its 200 day moving average price is $25.01.

TappAlpha SPY Growth & Daily Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, November 5th. Stockholders of record on Tuesday, November 4th were paid a dividend of $0.3031 per share. This is a positive change from TappAlpha SPY Growth & Daily Income ETF’s previous monthly dividend of $0.30. The ex-dividend date of this dividend was Tuesday, November 4th. This represents a c) annualized dividend and a dividend yield of 14.1%.

Hedge Funds Weigh In On TappAlpha SPY Growth & Daily Income ETF

An institutional investor recently bought a new position in TappAlpha SPY Growth & Daily Income ETF stock. Cloud Capital Management LLC bought a new stake in TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,186 shares of the company’s stock, valued at approximately $464,000. Cloud Capital Management LLC owned about 0.39% of TappAlpha SPY Growth & Daily Income ETF as of its most recent filing with the Securities & Exchange Commission.

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.