TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) Short Interest Update

TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 120,297 shares, an increase of 783.8% from the May 14th total of 13,612 shares. Approximately 1.2% of the company’s shares are short sold. Based on an average daily volume of 186,875 shares, the short-interest ratio is currently 0.6 days.

TappAlpha SPY Growth & Daily Income ETF Stock Down 0.1%

NASDAQ TSPY traded down $0.02 during mid-day trading on Wednesday, reaching $25.20. 38,653 shares of the stock were exchanged, compared to its average volume of 284,768. The business’s fifty day simple moving average is $25.00 and its 200 day simple moving average is $25.05. TappAlpha SPY Growth & Daily Income ETF has a 1-year low of $22.67 and a 1-year high of $26.67.

TappAlpha SPY Growth & Daily Income ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, June 3rd. Investors of record on Tuesday, June 2nd were issued a $0.2975 dividend. This represents a c) dividend on an annualized basis and a yield of 14.2%. The ex-dividend date was Tuesday, June 2nd.

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 increased its holdings 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 filing with the Securities and Exchange Commission. The firm owned 19,033 shares of the company’s stock after purchasing an additional 847 shares during the period. Cloud Capital Management LLC owned 0.22% of TappAlpha SPY Growth & Daily Income ETF worth $485,000 as of its most recent filing with the Securities and Exchange Commission.

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.