Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) Short Interest Down 92.7% in May

Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) saw a significant decrease in short interest in the month of 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. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 141,936 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of 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 lifted its position in shares of Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) by 85.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 37,092 shares of the company’s stock after acquiring an additional 17,078 shares during the period. PFG Investments LLC owned 0.44% of Tidal Trust II Defiance S&P 500 worth $605,000 as of its most recent filing with the SEC.

Tidal Trust II Defiance S&P 500 Stock Up 0.2%

Shares of NYSEARCA:SPYT traded up $0.03 on Wednesday, reaching $17.94. 241,577 shares of the company’s stock were exchanged, compared to its average volume of 158,584. The firm has a market capitalization of $152.13 million, a price-to-earnings ratio of 24.43 and a beta of 0.88. 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 $17.03 and its two-hundred day moving average is $17.38.

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.