TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) Short Interest Update

TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 250,293 shares, an increase of 57.7% from the August 15th total of 158,694 shares. Based on an average trading volume of 203,260 shares, the days-to-cover ratio is presently 1.2 days. Currently, 2.1% of the shares of the company are sold short.

Institutional Trading of TappAlpha SPY Growth & Daily Income ETF

An institutional investor recently bought a new position in TappAlpha SPY Growth & Daily Income ETF stock. Compass Financial Management LLC acquired a new stake in shares of TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 5,000 shares of the company’s stock, valued at approximately $142,000.

TappAlpha SPY Growth & Daily Income ETF Trading Up 1.2%

Shares of NASDAQ:TSPY opened at $25.28 on Friday. TappAlpha SPY Growth & Daily Income ETF has a fifty-two week low of $22.67 and a fifty-two week high of $26.67. The company’s 50-day moving average price is $25.47 and its 200 day moving average price is $25.08.

TappAlpha SPY Growth & Daily Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, September 2nd. Investors of record on Tuesday, September 1st were issued a $0.2954 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a c) annualized dividend and a yield of 14.0%.

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.