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

Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totaling 272,141 shares, an increase of 171.5% from the April 15th total of 100,224 shares. Currently, 3.2% of the shares of the company are short sold. Based on an average daily volume of 142,633 shares, the days-to-cover ratio is currently 1.9 days.

Tidal Trust II Defiance S&P 500 Stock Performance

SPYT stock opened at $17.89 on Friday. Tidal Trust II Defiance S&P 500 has a fifty-two week low of $15.77 and a fifty-two week high of $18.68. The business’s 50-day moving average is $16.87 and its two-hundred day moving average is $17.41. The company has a market cap of $151.71 million, a price-to-earnings ratio of 24.43 and a beta of 0.88.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Tidal Trust II Defiance S&P 500 stock. PFG Investments LLC raised its position in Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) by 85.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,092 shares of the company’s stock after acquiring 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.

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.