TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY – Get Free Report) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 396,524 shares, a growth of 56.1% from the September 15th total of 254,090 shares. Based on an average trading volume of 329,303 shares, the short-interest ratio is currently 1.2 days. Approximately 2.8% of the company’s stock are short sold.
TappAlpha SPY Growth & Daily Income ETF Stock Performance
Shares of NASDAQ:TSPY opened at $25.12 on Friday. TappAlpha SPY Growth & Daily Income ETF has a 52 week low of $22.67 and a 52 week high of $26.67. The firm’s 50 day moving average is $25.50 and its two-hundred day moving average is $25.29.
TappAlpha SPY Growth & Daily Income ETF Increases Dividend
The company also recently disclosed a monthly dividend, which was paid on Wednesday, October 7th. Shareholders of record on Tuesday, October 6th were paid a dividend of $0.2968 per share. This is a boost from TappAlpha SPY Growth & Daily Income ETF’s previous monthly dividend of $0.2954. This represents a $3.56 dividend on an annualized basis and a yield of 14.2%. The ex-dividend date of this dividend was Tuesday, October 6th.
Institutional Investors Weigh In On TappAlpha SPY Growth & Daily Income ETF
An institutional investor recently bought a new stake in TappAlpha SPY Growth & Daily Income ETF stock. Compass Financial Management LLC purchased a new position in TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY – Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 5,000 shares of the company’s stock, valued at approximately $142,000.
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.
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