Short Interest in Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) Declines By 56.0%

by · The Markets Daily

Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT – Get Free Report) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 116,258 shares, a drop of 56.0% from the June 30th total of 264,469 shares. Approximately 1.3% of the shares of the stock are short sold. Based on an average daily volume of 136,228 shares, the short-interest ratio is presently 0.9 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Tidal Trust II Defiance S&P 500 stock. PFG Investments LLC grew its stake in Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT – Free Report) by 85.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,092 shares of the company’s stock after acquiring an additional 17,078 shares during the quarter. PFG Investments LLC owned 0.44% of Tidal Trust II Defiance S&P 500 worth $605,000 at the end of the most recent quarter.

Tidal Trust II Defiance S&P 500 Price Performance

Shares of SPYT traded down $0.25 during trading hours on Wednesday, hitting $16.94. The stock had a trading volume of 201,504 shares, compared to its average volume of 151,501. The stock has a market capitalization of $149.92 million, a price-to-earnings ratio of 24.43 and a beta of 0.88. Tidal Trust II Defiance S&P 500 has a 52 week low of $15.77 and a 52 week high of $18.68. The company’s fifty day moving average is $17.44 and its two-hundred day moving average is $17.25.

Tidal Trust II Defiance S&P 500 Company Profile

(Get Free Report)

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.

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