Short Interest in Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) Increases By 1,386.2%

Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 294,592 shares, an increase of 1,386.2% from the May 14th total of 19,822 shares. Approximately 3.5% of the shares of the stock are sold short. Based on an average daily volume of 134,673 shares, the days-to-cover ratio is presently 2.2 days.

Tidal Trust II Defiance S&P 500 Stock Up 0.3%

SPYT stock traded up $0.06 during mid-day trading on Thursday, hitting $17.06. The company had a trading volume of 36,115 shares, compared to its average volume of 157,665. The company has a market capitalization of $144.66 million, a price-to-earnings ratio of 24.43 and a beta of 0.88. Tidal Trust II Defiance S&P 500 has a 12-month low of $15.77 and a 12-month high of $18.68. The company has a 50-day moving average price of $17.32 and a 200 day moving average price of $17.36.

Institutional Trading of Tidal Trust II Defiance S&P 500

An institutional investor recently raised its position in Tidal Trust II Defiance S&P 500 stock. PFG Investments LLC grew its holdings in shares of Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) by 85.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,092 shares of the company’s stock after buying an additional 17,078 shares during the quarter. PFG Investments LLC owned 0.44% of Tidal Trust II Defiance S&P 500 worth $605,000 at the end of the most recent reporting period.

Tidal Trust II Defiance S&P 500 Company Profile

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.