Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) Short Interest Update

Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) saw a large decrease in short interest in May. As of May 15th, there was short interest totaling 19,822 shares, a decrease of 92.7% from the April 30th total of 272,141 shares. Based on an average daily trading volume, of 141,936 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On Tidal Trust II Defiance S&P 500

A hedge fund recently raised its stake in Tidal Trust II Defiance S&P 500 stock. PFG Investments LLC increased its position in shares of Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) by 85.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,092 shares of the company’s stock after purchasing an additional 17,078 shares during the quarter. PFG Investments LLC owned approximately 0.44% of Tidal Trust II Defiance S&P 500 worth $605,000 at the end of the most recent quarter.

Tidal Trust II Defiance S&P 500 Stock Performance

Shares of SPYT stock traded up $0.03 during mid-day trading on Friday, reaching $18.06. The company’s stock had a trading volume of 171,251 shares, compared to its average volume of 158,870. The company has a market cap of $153.15 million, a P/E ratio of 24.43 and a beta of 0.88. The firm’s 50-day moving average is $17.11 and its two-hundred day moving average is $17.38. Tidal Trust II Defiance S&P 500 has a 1-year low of $15.77 and a 1-year high of $18.68.

About Tidal Trust II Defiance S&P 500

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.