Short Interest in Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) Drops By 56.0%

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

Institutional Investors Weigh In On Tidal Trust II Defiance S&P 500

An institutional investor recently raised its stake in Tidal Trust II Defiance S&P 500 stock. Wealthcare Advisory Partners LLC lifted its holdings in shares of Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYTFree Report) by 9.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,354 shares of the company’s stock after acquiring an additional 1,915 shares during the quarter. Wealthcare Advisory Partners LLC owned approximately 0.25% of Tidal Trust II Defiance S&P 500 worth $392,000 as of its most recent filing with the Securities & Exchange Commission.

Tidal Trust II Defiance S&P 500 Price Performance

NYSEARCA SPYT traded up $0.05 during trading hours on Tuesday, reaching $17.19. 65,166 shares of the stock traded hands, compared to its average volume of 151,088. The stock has a 50 day simple moving average of $17.45 and a two-hundred day simple moving average of $17.25. Tidal Trust II Defiance S&P 500 has a 1 year low of $15.77 and a 1 year high of $18.68. The company has a market cap of $152.13 million, a price-to-earnings ratio of 24.43 and a beta of 0.88.

About Tidal Trust II Defiance S&P 500

(Get Free Report)

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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