TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) Sees Large Growth in Short Interest

TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) was the target of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 84,459 shares, a growth of 59.9% from the February 12th total of 52,805 shares. Based on an average daily volume of 261,972 shares, the short-interest ratio is currently 0.3 days. Approximately 1.0% of the shares of the company are sold short. Approximately 1.0% of the shares of the company are sold short. Based on an average daily volume of 261,972 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in TappAlpha SPY Growth & Daily Income ETF stock. Cloud Capital Management LLC acquired a new stake in TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,186 shares of the company’s stock, valued at approximately $464,000. Cloud Capital Management LLC owned 0.39% of TappAlpha SPY Growth & Daily Income ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

TappAlpha SPY Growth & Daily Income ETF Trading Down 0.4%

NASDAQ TSPY traded down $0.09 during trading hours on Friday, hitting $23.82. 178,752 shares of the company were exchanged, compared to its average volume of 326,232. TappAlpha SPY Growth & Daily Income ETF has a 52 week low of $20.02 and a 52 week high of $26.67. The stock has a 50-day moving average price of $25.19 and a 200 day moving average price of $25.29.

TappAlpha SPY Growth & Daily Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Tuesday, March 3rd were paid a $0.30 dividend. This represents a c) dividend on an annualized basis and a yield of 15.1%. The ex-dividend date was Tuesday, March 3rd.

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.