Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) Sees Large Growth in Short Interest
by Renee Jackson · The Cerbat GemTidal Trust II Defiance S&P 500 (NYSEARCA:SPYT – Get Free Report) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totaling 272,141 shares, an increase of 171.5% from the April 15th total of 100,224 shares. Based on an average daily volume of 142,633 shares, the short-interest ratio is presently 1.9 days. Approximately 3.2% of the company’s shares are sold short.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Tidal Trust II Defiance S&P 500 stock. PFG Investments LLC boosted its holdings in shares of Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT – Free Report) by 85.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,092 shares of the company’s stock after buying an additional 17,078 shares during the period. PFG Investments LLC owned approximately 0.44% of Tidal Trust II Defiance S&P 500 worth $605,000 as of its most recent filing with the Securities and Exchange Commission.
Tidal Trust II Defiance S&P 500 Stock Down 1.2%
Shares of Tidal Trust II Defiance S&P 500 stock traded down $0.22 during midday trading on Friday, hitting $17.67. The company’s stock had a trading volume of 80,597 shares, compared to its average volume of 161,220. Tidal Trust II Defiance S&P 500 has a 1-year low of $15.77 and a 1-year high of $18.68. The firm has a market capitalization of $149.84 million, a P/E ratio of 24.43 and a beta of 0.88. The stock has a 50-day simple moving average of $16.88 and a 200-day simple moving average of $17.42.
About Tidal Trust II Defiance S&P 500
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.