Defiance S&P 500 Target Income ETF (NASDAQ:SPYT) Shares Up 0.2% – Should You Buy?

Defiance S&P 500 Target Income ETF (NASDAQ:SPYT) shares rose 0.2% during mid-day trading on Friday . The company traded as high as $17.64 and last traded at $17.64. Approximately 149,686 shares traded hands during trading, a decline of 9% from the average daily volume of 163,859 shares. The stock had previously closed at $17.61.

Defiance S&P 500 Target Income ETF Stock Up 0.2%

The firm’s fifty day moving average price is $17.74 and its 200 day moving average price is $18.03. The stock has a market cap of $135.83 million, a PE ratio of 24.93 and a beta of 0.87.

Institutional Trading of Defiance S&P 500 Target Income ETF

An institutional investor recently bought a new position in Defiance S&P 500 Target Income ETF stock. CoreCap Advisors LLC acquired a new stake in shares of Defiance S&P 500 Target Income ETF (NASDAQ:SPYT) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 17,571 shares of the company’s stock, valued at approximately $307,000. CoreCap Advisors LLC owned about 0.23% of Defiance S&P 500 Target Income ETF as of its most recent SEC filing.

About Defiance S&P 500 Target Income ETF

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.