Short Interest in Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) Expands By 128.6%

Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 265,780 shares, a growth of 128.6% from the July 15th total of 116,258 shares. Approximately 3.0% of the company’s stock are short sold. Based on an average daily volume of 107,907 shares, the short-interest ratio is currently 2.5 days.

Institutional Trading of Tidal Trust II Defiance S&P 500

A hedge fund recently raised its position in Tidal Trust II Defiance S&P 500 stock. Wealthcare Advisory Partners LLC lifted its holdings in shares of Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) by 9.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,354 shares of the company’s stock after buying an additional 1,915 shares during the period. Wealthcare Advisory Partners LLC owned 0.25% of Tidal Trust II Defiance S&P 500 worth $392,000 at the end of the most recent reporting period.

Tidal Trust II Defiance S&P 500 Stock Performance

NYSEARCA:SPYT opened at $17.65 on Friday. The stock has a market cap of $158.50 million, a price-to-earnings ratio of 24.43 and a beta of 0.88. Tidal Trust II Defiance S&P 500 has a one year low of $15.77 and a one year high of $18.68. The business’s 50-day simple moving average is $17.35 and its 200 day simple moving average is $17.23.

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.