TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) Short Interest Down 98.1% in May

TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) saw a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 13,612 shares, a decrease of 98.1% from the April 30th total of 716,162 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 330,098 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in TappAlpha SPY Growth & Daily Income ETF stock. Cloud Capital Management LLC purchased a new stake in shares of TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 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 reporting period.

TappAlpha SPY Growth & Daily Income ETF Trading Up 0.2%

NASDAQ:TSPY traded up $0.04 on Friday, hitting $26.17. The stock had a trading volume of 241,882 shares, compared to its average volume of 290,649. The business’s 50-day simple moving average is $24.63 and its two-hundred day simple moving average is $25.02. TappAlpha SPY Growth & Daily Income ETF has a 52-week low of $22.67 and a 52-week high of $26.67.

TappAlpha SPY Growth & Daily Income ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, May 6th. Shareholders of record on Tuesday, May 5th were issued a dividend of $0.2931 per share. This is an increase from TappAlpha SPY Growth & Daily Income ETF’s previous dividend of $0.28. The ex-dividend date of this dividend was Tuesday, May 5th.

TappAlpha SPY Growth & Daily Income ETF Company Profile

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.