TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) Short Interest Update

TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) was the target of a significant growth in short interest in February. As of February 27th, there was short interest totaling 84,459 shares, a growth of 59.9% from the February 12th total of 52,805 shares. Based on an average daily volume of 261,972 shares, the short-interest ratio is presently 0.3 days. Approximately 1.0% of the shares of the company are sold short. Approximately 1.0% of the shares of the company are sold short. Based on an average daily volume of 261,972 shares, the short-interest ratio is presently 0.3 days.

TappAlpha SPY Growth & Daily Income ETF Trading Down 0.4%

NASDAQ:TSPY traded down $0.09 during mid-day trading on Friday, reaching $23.82. 178,752 shares of the stock were exchanged, compared to its average volume of 326,232. TappAlpha SPY Growth & Daily Income ETF has a 1 year low of $20.02 and a 1 year high of $26.67. The company has a 50 day simple moving average of $25.19 and a 200-day simple moving average of $25.29.

TappAlpha SPY Growth & Daily Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Tuesday, March 3rd were issued a $0.30 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 15.1%. The ex-dividend date of this dividend was Tuesday, March 3rd.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in TappAlpha SPY Growth & Daily Income ETF stock. Cloud Capital Management LLC bought a new position in shares of TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 18,186 shares of the company’s stock, valued at approximately $464,000. Cloud Capital Management LLC owned approximately 0.39% of TappAlpha SPY Growth & Daily Income ETF at the end of the most recent quarter.

About TappAlpha SPY Growth & Daily Income ETF

The TappAlpha SPY Growth & Daily Income ETF (TSPY) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, aiming to provide a balanced approached to growth and income from US large-cap equities. The fund holds long exposure to the S&P 500 Index and writes daily out-of-the-money calls, using 0DTE options. TSPY was launched on Aug 14, 2024 and is issued by TappAlpha.