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

TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 120,297 shares, an increase of 783.8% from the May 14th total of 13,612 shares. Based on an average daily volume of 186,875 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.2% of the shares of the company are short sold.

Institutional Investors Weigh In On 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 lifted its holdings in shares of TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) by 4.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,033 shares of the company’s stock after buying an additional 847 shares during the period. Cloud Capital Management LLC owned about 0.22% of TappAlpha SPY Growth & Daily Income ETF worth $485,000 at the end of the most recent reporting period.

TappAlpha SPY Growth & Daily Income ETF Trading Down 0.1%

TappAlpha SPY Growth & Daily Income ETF stock traded down $0.02 during midday trading on Wednesday, hitting $25.20. 38,653 shares of the company’s stock were exchanged, compared to its average volume of 284,768. TappAlpha SPY Growth & Daily Income ETF has a 12-month low of $22.67 and a 12-month high of $26.67. The firm’s 50 day simple moving average is $25.00 and its 200 day simple moving average is $25.05.

TappAlpha SPY Growth & Daily Income ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Tuesday, June 2nd were paid a $0.2975 dividend. This represents a c) annualized dividend and a dividend yield of 14.2%. The ex-dividend date was Tuesday, June 2nd.

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.