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

TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) was the recipient of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 120,297 shares, an increase of 783.8% from the May 14th total of 13,612 shares. Approximately 1.2% of the shares of the stock are short sold. Based on an average daily volume of 186,875 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in TappAlpha SPY Growth & Daily Income ETF stock. Cloud Capital Management LLC boosted its holdings in shares of TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) by 4.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,033 shares of the company’s stock after purchasing an additional 847 shares during the period. Cloud Capital Management LLC owned about 0.22% of TappAlpha SPY Growth & Daily Income ETF worth $485,000 as of its most recent SEC filing.

TappAlpha SPY Growth & Daily Income ETF Stock Performance

Shares of TSPY opened at $25.14 on Friday. TappAlpha SPY Growth & Daily Income ETF has a 12 month low of $22.67 and a 12 month high of $26.67. The company has a 50-day moving average price of $25.08 and a two-hundred day moving average price of $25.06.

TappAlpha SPY Growth & Daily Income ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Tuesday, June 2nd were paid a dividend of $0.2975 per share. The ex-dividend date was Tuesday, June 2nd. This represents a c) dividend on an annualized basis and a yield of 14.2%.

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.