Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT – Get Free Report) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 19,822 shares, a decline of 92.7% from the April 30th total of 272,141 shares. Based on an average trading volume of 141,936 shares, the short-interest ratio is presently 0.1 days. Approximately 0.2% of the shares of the company are short sold.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Tidal Trust II Defiance S&P 500 stock. PFG Investments LLC boosted its position in Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT – Free Report) by 85.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,092 shares of the company’s stock after buying an additional 17,078 shares during the quarter. PFG Investments LLC owned approximately 0.44% of Tidal Trust II Defiance S&P 500 worth $605,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Tidal Trust II Defiance S&P 500 Price Performance
Shares of SPYT traded up $0.09 during midday trading on Thursday, hitting $18.03. 161,638 shares of the company traded hands, compared to its average volume of 158,357. The stock has a 50-day moving average of $17.05 and a 200-day moving average of $17.38. Tidal Trust II Defiance S&P 500 has a one year low of $15.77 and a one year high of $18.68. The firm has a market cap of $152.85 million, a P/E ratio of 24.43 and a beta of 0.88.
Tidal Trust II Defiance S&P 500 Company Profile
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.
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