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 in the month of August. As of August 31st, there was short interest totaling 250,293 shares, an increase of 57.7% from the August 15th total of 158,694 shares. Approximately 2.1% of the company’s shares are sold short. Based on an average daily volume of 203,260 shares, the days-to-cover ratio is currently 1.2 days.

TappAlpha SPY Growth & Daily Income ETF Stock Performance

Shares of NASDAQ TSPY traded up $0.25 during trading hours on Thursday, hitting $25.23. 92,655 shares of the company traded hands, compared to its average volume of 259,293. The company’s 50 day moving average price is $25.47 and its 200 day moving average price is $25.08. TappAlpha SPY Growth & Daily Income ETF has a 12 month low of $22.67 and a 12 month high of $26.67.

TappAlpha SPY Growth & Daily Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Tuesday, September 1st were paid a dividend of $0.2954 per share. This represents a c) annualized dividend and a yield of 14.0%. The ex-dividend date of this dividend was Tuesday, September 1st.

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

An institutional investor recently bought a new stake in TappAlpha SPY Growth & Daily Income ETF stock. Compass Financial Management LLC bought a new position in TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 5,000 shares of the company’s stock, valued at approximately $142,000.

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.