Short Interest in Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) Declines By 83.3%

Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) was the target of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 44,483 shares, a drop of 83.3% from the July 30th total of 265,780 shares. Based on an average daily volume of 112,311 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.5% of the shares of the stock are sold short.

Hedge Funds Weigh In On Tidal Trust II Defiance S&P 500

A number of institutional investors and hedge funds have recently modified their holdings of SPYT. Herbst Group LLC bought a new position in shares of Tidal Trust II Defiance S&P 500 during the 2nd quarter valued at approximately $1,824,000. PFG Investments LLC increased its position in Tidal Trust II Defiance S&P 500 by 85.3% during the first quarter. PFG Investments LLC now owns 37,092 shares of the company’s stock valued at $605,000 after acquiring an additional 17,078 shares during the last quarter. ZEGA Investments LLC purchased a new stake in shares of Tidal Trust II Defiance S&P 500 in the second quarter valued at $261,000. Corient Private Wealth LP raised its stake in shares of 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 valued at $578,000 after acquiring an additional 9,946 shares during the period. Finally, Wealthcare Advisory Partners LLC lifted its holdings in shares of 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 last quarter.

Tidal Trust II Defiance S&P 500 Price Performance

Shares of Tidal Trust II Defiance S&P 500 stock traded down $0.02 during trading hours on Friday, reaching $17.50. The company’s stock had a trading volume of 108,958 shares, compared to its average volume of 146,812. The firm has a 50 day moving average price of $17.36 and a 200-day moving average price of $17.22. The stock has a market cap of $157.15 million, a P/E ratio of 24.43 and a beta of 0.88. Tidal Trust II Defiance S&P 500 has a one year low of $15.77 and a one year 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.