Short Interest in TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) Declines By 69.8%

Posted by Don Miller on Jul 12th, 2026

TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY – Get Free Report) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 88,835 shares, a drop of 69.8% from the June 15th total of 294,412 shares. Based on an average trading volume of 239,895 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.7% of the company’s stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in TappAlpha SPY Growth & Daily Income ETF stock. Triumph Capital Management bought a new stake in TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 64,312 shares of the company’s stock, valued at approximately $1,646,000. Triumph Capital Management owned approximately 1.36% of TappAlpha SPY Growth & Daily Income ETF as of its most recent SEC filing.

TappAlpha SPY Growth & Daily Income ETF Price Performance

TSPY traded up $0.18 on Friday, hitting $25.63. The company had a trading volume of 124,507 shares, compared to its average volume of 277,217. The stock has a fifty day moving average price of $25.53 and a 200-day moving average price of $25.06. TappAlpha SPY Growth & Daily Income ETF has a 12-month low of $22.67 and a 12-month high of $26.67.

TappAlpha SPY Growth & Daily Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 30th were given a $0.2952 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 13.8%.

About TappAlpha SPY Growth & Daily Income ETF

(Get Free Report)

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.