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

TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) saw a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 35,106 shares, a decline of 58.4% from the February 26th total of 84,459 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 325,506 shares, the short-interest ratio is presently 0.1 days.

TappAlpha SPY Growth & Daily Income ETF Stock Performance

NASDAQ:TSPY opened at $22.90 on Friday. TappAlpha SPY Growth & Daily Income ETF has a 12-month low of $20.02 and a 12-month high of $26.67. The stock’s fifty day simple moving average is $24.75 and its 200-day simple moving average is $25.20.

TappAlpha SPY Growth & Daily Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Tuesday, March 3rd were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, March 3rd. This represents a c) annualized dividend and a yield of 15.7%.

Hedge Funds Weigh In On TappAlpha SPY Growth & Daily Income ETF

A hedge fund recently bought a new stake in TappAlpha SPY Growth & Daily Income ETF stock. Triumph Capital Management purchased a new stake in TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 64,312 shares of the company’s stock, valued at approximately $1,646,000. Triumph Capital Management owned about 1.36% of TappAlpha SPY Growth & Daily Income ETF at the end of the most recent reporting period.

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.