Short Interest in Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) Increases By 301.3%

Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 178,495 shares, a growth of 301.3% from the August 15th total of 44,483 shares. Based on an average daily volume of 123,959 shares, the short-interest ratio is currently 1.4 days. Currently, 2.0% of the shares of the stock are sold short.

Tidal Trust II Defiance S&P 500 Stock Up 0.8%

NYSEARCA:SPYT opened at $17.13 on Friday. The firm has a market cap of $153.83 million, a PE 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’s 50-day moving average price is $17.33 and its two-hundred day moving average price is $17.22.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Herbst Group LLC bought a new stake in Tidal Trust II Defiance S&P 500 during the 2nd quarter worth approximately $1,824,000. PFG Investments LLC increased its holdings in Tidal Trust II Defiance S&P 500 by 85.3% during 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 in the last quarter. ZEGA Investments LLC bought a new position in Tidal Trust II Defiance S&P 500 in the 2nd quarter valued at $261,000. Corient Private Wealth LP raised its position in Tidal Trust II Defiance S&P 500 by 57.0% in the 2nd quarter. Corient Private Wealth LP now owns 27,408 shares of the company’s stock valued at $578,000 after purchasing an additional 9,946 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC raised its position in Tidal Trust II Defiance S&P 500 by 9.4% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 22,354 shares of the company’s stock valued at $392,000 after purchasing an additional 1,915 shares during the last quarter.

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.