Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) Sees Significant Increase in Short Interest

Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 178,495 shares, an increase of 301.3% from the August 15th total of 44,483 shares. Approximately 2.0% of the company’s shares are short sold. Based on an average trading volume of 123,959 shares, the short-interest ratio is currently 1.4 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. ZEGA Investments LLC lifted its holdings in Tidal Trust II Defiance S&P 500 by 2.0% in the 2nd quarter. ZEGA Investments LLC now owns 118,905 shares of the company’s stock worth $2,087,000 after buying an additional 2,368 shares during the period. Herbst Group LLC purchased a new position in shares of Tidal Trust II Defiance S&P 500 during the second quarter valued at approximately $1,824,000. PFG Investments LLC increased its stake in shares of Tidal Trust II Defiance S&P 500 by 85.3% during the first quarter. PFG Investments LLC now owns 37,092 shares of the company’s stock valued at $605,000 after buying an additional 17,078 shares during the period. Corient Private Wealth LP increased its stake in shares of Tidal Trust II Defiance S&P 500 by 57.0% during the second quarter. Corient Private Wealth LP now owns 27,408 shares of the company’s stock valued at $578,000 after buying an additional 9,946 shares during the period. Finally, Wealthcare Advisory Partners LLC raised its holdings in shares of Tidal Trust II Defiance S&P 500 by 9.4% during the second quarter. Wealthcare Advisory Partners LLC now owns 22,354 shares of the company’s stock valued at $392,000 after acquiring an additional 1,915 shares in the last quarter.

Tidal Trust II Defiance S&P 500 Stock Up 0.8%

Shares of NYSEARCA:SPYT traded up $0.13 during midday trading on Friday, hitting $17.13. 94,128 shares of the stock traded hands, compared to its average volume of 147,039. The stock has a market capitalization of $153.83 million, a PE ratio of 24.43 and a beta of 0.88. The business’s 50 day moving average is $17.33 and its two-hundred day moving average is $17.22. Tidal Trust II Defiance S&P 500 has a one year low of $15.77 and a one year high of $18.68.

About Tidal Trust II Defiance S&P 500

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.