Short Interest in Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) Expands By 1,386.2%

Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 294,592 shares, a growth of 1,386.2% from the May 14th total of 19,822 shares. Approximately 3.5% of the company’s stock are short sold. Based on an average trading volume of 134,673 shares, the days-to-cover ratio is currently 2.2 days.

Institutional Trading of 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 position in Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) by 85.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,092 shares of the company’s stock after acquiring an additional 17,078 shares during the quarter. PFG Investments LLC owned 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 Stock Down 0.3%

Shares of SPYT stock traded down $0.05 on Tuesday, hitting $17.26. The stock had a trading volume of 142,590 shares, compared to its average volume of 159,207. The business has a 50 day moving average price of $17.29 and a 200 day moving average price of $17.36. The company has a market cap of $146.36 million, a PE 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.

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.