Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) Short Interest Update

Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 111,184 shares, a decline of 37.7% from the August 31st total of 178,495 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average daily volume of 130,362 shares, the short-interest ratio is currently 0.9 days.

Institutional Investors Weigh In On Tidal Trust II Defiance S&P 500

A number of large investors have recently added to or reduced their stakes in the business. Corient Private Wealth LP lifted its holdings in shares of Tidal Trust II Defiance S&P 500 by 57.0% in the second quarter. Corient Private Wealth LP now owns 27,408 shares of the company’s stock worth $578,000 after acquiring an additional 9,946 shares during the last quarter. Herbst Group LLC bought a new position in Tidal Trust II Defiance S&P 500 in the second quarter valued at about $1,824,000. ZEGA Investments LLC bought a new stake in shares of Tidal Trust II Defiance S&P 500 during the second quarter worth about $261,000. Wealthcare Advisory Partners LLC increased its position in Tidal Trust II Defiance S&P 500 by 9.4% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 22,354 shares of the company’s stock valued at $392,000 after acquiring an additional 1,915 shares during the period. Finally, PFG Investments LLC increased its position in Tidal Trust II Defiance S&P 500 by 85.3% during the 1st quarter. PFG Investments LLC now owns 37,092 shares of the company’s stock valued at $605,000 after purchasing an additional 17,078 shares during the period.

Tidal Trust II Defiance S&P 500 Price Performance

SPYT traded up $0.04 during midday trading on Friday, hitting $17.00. 85,003 shares of the company’s stock traded hands, compared to its average volume of 144,287. The stock’s fifty day simple moving average is $17.29 and its 200-day simple moving average is $17.24. Tidal Trust II Defiance S&P 500 has a one year low of $15.77 and a one year high of $18.68. The company has a market cap of $163.59 million, a PE ratio of 24.43 and a beta of 0.87.

About Tidal Trust II Defiance S&P 500

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.