Short Interest in TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) Grows By 47.3%

TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totaling 74,647 shares, an increase of 47.3% from the November 30th total of 50,676 shares. Currently, 1.6% of the shares of the stock are sold short. Based on an average daily volume of 122,391 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 122,391 shares, the days-to-cover ratio is presently 0.6 days. Currently, 1.6% of the shares of the stock are sold short.

TappAlpha SPY Growth & Daily Income ETF Stock Performance

NASDAQ:TSPY opened at $25.82 on Monday. The company’s 50-day moving average is $25.46 and its two-hundred day moving average is $25.01. TappAlpha SPY Growth & Daily Income ETF has a 12-month low of $20.02 and a 12-month high of $26.67.

TappAlpha SPY Growth & Daily Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, November 5th. Investors of record on Tuesday, November 4th were paid a dividend of $0.3031 per share. The ex-dividend date of this dividend was Tuesday, November 4th. This is a positive change from TappAlpha SPY Growth & Daily Income ETF’s previous monthly dividend of $0.30. This represents a c) annualized dividend and a dividend yield of 14.1%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in TappAlpha SPY Growth & Daily Income ETF stock. Triumph Capital Management purchased a new position in shares of TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 64,312 shares of the company’s stock, valued at approximately $1,646,000. Triumph Capital Management owned 1.36% of TappAlpha SPY Growth & Daily Income ETF as of its most recent SEC filing.

TappAlpha SPY Growth & Daily Income ETF Company Profile

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.