Short Interest in TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) Rises By 415.3%

TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 170,314 shares, a growth of 415.3% from the July 15th total of 33,051 shares. Currently, 1.4% of the shares of the company are short sold. Based on an average daily trading volume, of 193,326 shares, the short-interest ratio is presently 0.9 days.

TappAlpha SPY Growth & Daily Income ETF Trading Up 0.4%

TappAlpha SPY Growth & Daily Income ETF stock traded up $0.10 during mid-day trading on Wednesday, hitting $25.81. 79,567 shares of the company’s stock traded hands, compared to its average volume of 264,863. The firm has a 50 day simple moving average of $25.41 and a two-hundred day simple moving average of $25.03. TappAlpha SPY Growth & Daily Income ETF has a fifty-two week low of $22.67 and a fifty-two week high of $26.67.

TappAlpha SPY Growth & Daily Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, August 5th. Investors of record on Tuesday, August 4th were issued a dividend of $0.3001 per share. This represents a c) annualized dividend and a dividend yield of 14.0%. The ex-dividend date of this dividend was Tuesday, August 4th. This is a positive change from TappAlpha SPY Growth & Daily Income ETF’s previous monthly dividend of $0.30.

Institutional Investors Weigh In On TappAlpha SPY Growth & Daily Income ETF

An institutional investor recently raised its position in TappAlpha SPY Growth & Daily Income ETF stock. Cloud Capital Management LLC raised its position in shares of TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,033 shares of the company’s stock after acquiring an additional 847 shares during the period. Cloud Capital Management LLC owned approximately 0.22% of TappAlpha SPY Growth & Daily Income ETF worth $485,000 at the end of the most recent quarter.

About TappAlpha SPY Growth & Daily Income ETF

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.