Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) Sees Large Decline in Short Interest

Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) saw a large decrease in short interest in September. As of September 15th, there was short interest totaling 111,184 shares, a decrease of 37.7% from the August 31st total of 178,495 shares. Based on an average daily trading volume, of 130,362 shares, the days-to-cover ratio is presently 0.9 days. Currently, 1.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Herbst Group LLC purchased a new stake in shares of Tidal Trust II Defiance S&P 500 during the 2nd quarter worth about $1,824,000. PFG Investments LLC grew its stake in shares of Tidal Trust II Defiance S&P 500 by 85.3% in the 1st quarter. PFG Investments LLC now owns 37,092 shares of the company’s stock valued at $605,000 after buying an additional 17,078 shares in the last quarter. ZEGA Investments LLC acquired a new position in Tidal Trust II Defiance S&P 500 in the second quarter worth approximately $261,000. Corient Private Wealth LP increased its holdings in Tidal Trust II Defiance S&P 500 by 57.0% in the second quarter. Corient Private Wealth LP now owns 27,408 shares of the company’s stock worth $578,000 after buying an additional 9,946 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC raised its position in Tidal Trust II Defiance S&P 500 by 9.4% during the second quarter. Wealthcare Advisory Partners LLC now owns 22,354 shares of the company’s stock valued at $392,000 after acquiring an additional 1,915 shares in the last quarter.

Tidal Trust II Defiance S&P 500 Stock Down 2.0%

Shares of NYSEARCA:SPYT traded down $0.34 during trading on Thursday, reaching $16.86. 120,673 shares of the company traded hands, compared to its average volume of 143,969. The firm has a fifty day simple moving average of $17.30 and a 200 day simple moving average of $17.23. Tidal Trust II Defiance S&P 500 has a 1-year low of $15.77 and a 1-year high of $18.68. The firm has a market cap of $162.15 million, a P/E ratio of 24.43 and a beta of 0.88.

About Tidal Trust II Defiance S&P 500

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.