Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) Stock Short Interest Report for October

Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) saw a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 64,880 shares, a decline of 76.2% from the September 30th total of 272,957 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average daily volume of 110,324 shares, the days-to-cover ratio is currently 0.6 days.

Tidal Trust II Defiance S&P 500 Stock Performance

Shares of NYSEARCA SPYT traded down $0.26 during midday trading on Friday, reaching $16.71. 68,733 shares of the stock were exchanged, compared to its average volume of 140,842. The stock has a market capitalization of $165.47 million, a P/E ratio of 24.43 and a beta of 0.87. The company has a 50 day simple moving average of $17.15 and a 200 day simple moving average of $17.23. Tidal Trust II Defiance S&P 500 has a twelve month low of $15.77 and a twelve month high of $18.58.

Hedge Funds Weigh In On Tidal Trust II Defiance S&P 500

A number of hedge funds have recently modified their holdings of SPYT. Virtue Capital Management LLC purchased a new position in Tidal Trust II Defiance S&P 500 during the third quarter worth about $1,959,000. Redwood Family Wealth LLC raised its stake in shares of Tidal Trust II Defiance S&P 500 by 3.7% in the 3rd quarter. Redwood Family Wealth LLC now owns 32,655 shares of the company’s stock valued at $562,000 after acquiring an additional 1,179 shares during the period. Corient Private Wealth LP lifted its holdings in shares of Tidal Trust II Defiance S&P 500 by 57.0% in the 2nd quarter. Corient Private Wealth LP now owns 27,408 shares of the company’s stock worth $578,000 after acquiring an additional 9,946 shares during the last quarter. Herbst Group LLC purchased a new position in shares of Tidal Trust II Defiance S&P 500 during the 2nd quarter worth approximately $1,824,000. Finally, ZEGA Investments LLC purchased a new position in shares of Tidal Trust II Defiance S&P 500 during the 2nd quarter worth approximately $261,000.

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.