Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT – Get Free Report) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 294,592 shares, an increase of 1,386.2% from the May 14th total of 19,822 shares. Based on an average daily volume of 134,673 shares, the short-interest ratio is presently 2.2 days. Currently, 3.5% of the shares of the company are sold short.
Tidal Trust II Defiance S&P 500 Trading Down 0.3%
Tidal Trust II Defiance S&P 500 stock traded down $0.05 during mid-day trading on Tuesday, hitting $17.26. The company had a trading volume of 142,590 shares, compared to its average volume of 159,207. Tidal Trust II Defiance S&P 500 has a 12-month low of $15.77 and a 12-month high of $18.68. The company’s fifty day moving average is $17.29 and its 200-day moving average is $17.36. The company has a market capitalization of $146.36 million, a price-to-earnings ratio of 24.43 and a beta of 0.88.
Institutional Investors Weigh In On Tidal Trust II Defiance S&P 500
An institutional investor recently raised its position in Tidal Trust II Defiance S&P 500 stock. PFG Investments LLC lifted its holdings in shares of Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT – Free Report) by 85.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,092 shares of the company’s stock after buying an additional 17,078 shares during the quarter. PFG Investments LLC owned approximately 0.44% of Tidal Trust II Defiance S&P 500 worth $605,000 as of its most recent SEC filing.
Tidal Trust II Defiance S&P 500 Company Profile
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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