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

Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYTGet Free Report) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 77,905 shares, a decrease of 73.6% from the May 31st total of 294,592 shares. Approximately 0.9% of the company’s shares are short sold. Based on an average daily volume of 149,774 shares, the short-interest ratio is presently 0.5 days.

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

A hedge fund recently raised its position in Tidal Trust II Defiance S&P 500 stock. PFG Investments LLC increased its holdings in Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYTFree Report) by 85.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,092 shares of the company’s stock after acquiring an additional 17,078 shares during the quarter. PFG Investments LLC owned about 0.44% of Tidal Trust II Defiance S&P 500 worth $605,000 as of its most recent filing with the Securities & Exchange Commission.

Tidal Trust II Defiance S&P 500 Trading Down 0.1%

NYSEARCA SPYT traded down $0.01 on Friday, hitting $17.22. The company’s stock had a trading volume of 219,534 shares, compared to its average volume of 156,733. Tidal Trust II Defiance S&P 500 has a 52-week low of $15.77 and a 52-week high of $18.68. The company’s 50-day simple moving average is $17.53 and its 200 day simple moving average is $17.32. The firm has a market cap of $146.03 million, a P/E ratio of 24.43 and a beta of 0.88.

Tidal Trust II Defiance S&P 500 Company Profile

(Get Free Report)

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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