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

TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 170,314 shares, an increase of 415.3% from the July 15th total of 33,051 shares. Currently, 1.4% of the company’s stock are short sold. Based on an average daily volume of 193,326 shares, the short-interest ratio is presently 0.9 days.

TappAlpha SPY Growth & Daily Income ETF Stock Performance

Shares of TappAlpha SPY Growth & Daily Income ETF stock traded up $0.10 during trading on Wednesday, reaching $25.81. The stock had a trading volume of 79,567 shares, compared to its average volume of 264,863. The stock has a fifty day moving average price of $25.41 and a two-hundred day moving average price of $25.03. TappAlpha SPY Growth & Daily Income ETF has a 52 week low of $22.67 and a 52 week high of $26.67.

TappAlpha SPY Growth & Daily Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Tuesday, August 4th were given a dividend of $0.3001 per share. This is an increase from TappAlpha SPY Growth & Daily Income ETF’s previous monthly dividend of $0.30. The ex-dividend date of this dividend was Tuesday, August 4th. This represents a c) dividend on an annualized basis and a yield of 14.0%.

Institutional Trading of 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 lifted its position in TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,033 shares of the company’s stock after buying an additional 847 shares during the quarter. Cloud Capital Management LLC owned about 0.22% of TappAlpha SPY Growth & Daily Income ETF worth $485,000 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.