TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) Short Interest Down 44.6% in December

TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 41,338 shares, a drop of 44.6% from the December 15th total of 74,647 shares. Based on an average daily volume of 163,434 shares, the short-interest ratio is currently 0.3 days. Approximately 0.6% of the company’s stock are sold short. Approximately 0.6% of the company’s stock are sold short. Based on an average daily volume of 163,434 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in TappAlpha SPY Growth & Daily Income ETF stock. Cloud Capital Management LLC acquired a new position in shares of TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 18,186 shares of the company’s stock, valued at approximately $464,000. Cloud Capital Management LLC owned about 0.39% of TappAlpha SPY Growth & Daily Income ETF at the end of the most recent reporting period.

TappAlpha SPY Growth & Daily Income ETF Stock Performance

Shares of TSPY stock traded down $0.03 on Friday, reaching $25.57. The stock had a trading volume of 290,824 shares, compared to its average volume of 314,557. TappAlpha SPY Growth & Daily Income ETF has a 1 year low of $20.02 and a 1 year high of $26.67. The company has a 50 day simple moving average of $25.44 and a 200 day simple moving average of $25.16.

TappAlpha SPY Growth & Daily Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Tuesday, January 6th were given a dividend of $0.3023 per share. The ex-dividend date was Tuesday, January 6th. This represents a c) dividend on an annualized basis and a dividend yield of 14.2%. This is an increase from TappAlpha SPY Growth & Daily Income ETF’s previous monthly dividend of $0.30.

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.