Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) Stock Short Interest Rises 145.5%

Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 272,957 shares, a growth of 145.5% from the September 15th total of 111,184 shares. Based on an average daily volume of 110,041 shares, the days-to-cover ratio is presently 2.5 days. Currently, 2.8% of the company’s stock are sold short.

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

Large investors have recently modified their holdings of the stock. ZEGA Investments LLC raised its holdings in shares of Tidal Trust II Defiance S&P 500 by 2.0% during the 2nd quarter. ZEGA Investments LLC now owns 118,905 shares of the company’s stock valued at $2,087,000 after buying an additional 2,368 shares during the period. Herbst Group LLC acquired a new position in Tidal Trust II Defiance S&P 500 during the 2nd quarter worth approximately $1,824,000. PFG Investments LLC boosted its holdings in 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 worth $605,000 after acquiring an additional 17,078 shares during the period. Corient Private Wealth LP boosted its holdings in Tidal Trust II Defiance S&P 500 by 57.0% in the 2nd quarter. Corient Private Wealth LP now owns 27,408 shares of the company’s stock worth $578,000 after acquiring an additional 9,946 shares during the period. Finally, Wealthcare Advisory Partners LLC boosted its holdings in Tidal Trust II Defiance S&P 500 by 9.4% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 22,354 shares of the company’s stock worth $392,000 after acquiring an additional 1,915 shares during the period.

Tidal Trust II Defiance S&P 500 Price Performance

NYSEARCA:SPYT opened at $17.04 on Thursday. The business’s 50-day moving average is $17.27 and its two-hundred day moving average is $17.28. The firm has a market capitalization of $168.70 million, a PE ratio of 24.43 and a beta of 0.87. Tidal Trust II Defiance S&P 500 has a 12 month low of $15.77 and a 12 month 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.