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) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 44,483 shares, a decrease of 83.3% from the July 30th total of 265,780 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 112,311 shares, the short-interest ratio is presently 0.4 days.

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

Large investors have recently modified their holdings of the stock. Herbst Group LLC bought a new position in Tidal Trust II Defiance S&P 500 in the 2nd quarter worth about $1,824,000. ZEGA Investments LLC bought a new stake in Tidal Trust II Defiance S&P 500 during the 2nd quarter valued at about $261,000. Wealthcare Advisory Partners LLC raised its holdings in Tidal Trust II Defiance S&P 500 by 9.4% in the second quarter. Wealthcare Advisory Partners LLC now owns 22,354 shares of the company’s stock worth $392,000 after buying an additional 1,915 shares during the last quarter. Finally, PFG Investments LLC raised its holdings in Tidal Trust II Defiance S&P 500 by 85.3% in the first quarter. PFG Investments LLC now owns 37,092 shares of the company’s stock worth $605,000 after buying an additional 17,078 shares during the last quarter.

Tidal Trust II Defiance S&P 500 Price Performance

SPYT stock traded down $0.01 on Wednesday, reaching $17.39. 89,849 shares of the company traded hands, compared to its average volume of 146,545. The firm has a fifty day simple moving average of $17.36 and a 200-day simple moving average of $17.22. The company has a market cap of $156.21 million, a P/E ratio of 24.43 and a beta of 0.88. Tidal Trust II Defiance S&P 500 has a one year low of $15.77 and a one year high of $18.68.

About Tidal Trust II Defiance S&P 500

(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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