Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) Sees Large Decline in Short Interest

Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) was the recipient of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 111,184 shares, a drop of 37.7% from the August 31st total of 178,495 shares. Based on an average daily volume of 130,362 shares, the short-interest ratio is currently 0.9 days. Approximately 1.2% of the company’s shares are short sold.

Tidal Trust II Defiance S&P 500 Price Performance

NYSEARCA SPYT traded down $0.34 on Thursday, hitting $16.86. 120,673 shares of the stock were exchanged, compared to its average volume of 143,969. The company’s 50-day moving average price is $17.30 and its two-hundred day moving average price is $17.23. Tidal Trust II Defiance S&P 500 has a 52-week low of $15.77 and a 52-week high of $18.68. The company has a market capitalization of $162.15 million, a price-to-earnings ratio of 24.43 and a beta of 0.88.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. ZEGA Investments LLC lifted its stake in Tidal Trust II Defiance S&P 500 by 2.0% in the 2nd quarter. ZEGA Investments LLC now owns 118,905 shares of the company’s stock worth $2,087,000 after acquiring an additional 2,368 shares in the last quarter. Herbst Group LLC acquired a new position in shares of Tidal Trust II Defiance S&P 500 in the 2nd quarter valued at about $1,824,000. PFG Investments LLC increased its holdings in shares of Tidal Trust II Defiance S&P 500 by 85.3% in the 1st quarter. PFG Investments LLC now owns 37,092 shares of the company’s stock valued at $605,000 after purchasing an additional 17,078 shares during the period. Corient Private Wealth LP lifted its position in shares of Tidal Trust II Defiance S&P 500 by 57.0% in the second quarter. Corient Private Wealth LP now owns 27,408 shares of the company’s stock worth $578,000 after purchasing an additional 9,946 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its position in shares of Tidal Trust II Defiance S&P 500 by 9.4% in the second quarter. Wealthcare Advisory Partners LLC now owns 22,354 shares of the company’s stock worth $392,000 after purchasing an additional 1,915 shares in the last quarter.

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.