Short Interest in Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) Expands By 128.6%

Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 265,780 shares, an increase of 128.6% from the July 15th total of 116,258 shares. Based on an average trading volume of 107,907 shares, the short-interest ratio is presently 2.5 days. Approximately 3.0% of the shares of the company are short sold.

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

A hedge fund recently raised its stake in Tidal Trust II Defiance S&P 500 stock. PFG Investments LLC lifted its stake in shares of Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) by 85.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent reporting period.

Tidal Trust II Defiance S&P 500 Trading Up 0.1%

SPYT opened at $17.65 on Friday. Tidal Trust II Defiance S&P 500 has a twelve month low of $15.77 and a twelve month high of $18.68. The stock has a market cap of $158.50 million, a PE ratio of 24.43 and a beta of 0.88. The business’s 50 day moving average is $17.35 and its 200-day moving average is $17.23.

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.