Short Interest in TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) Drops By 69.8%

TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) saw a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 88,835 shares, a decrease of 69.8% from the June 15th total of 294,412 shares. Based on an average daily volume of 239,895 shares, the short-interest ratio is presently 0.4 days. Currently, 0.7% of the company’s stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in TappAlpha SPY Growth & Daily Income ETF stock. Cloud Capital Management LLC lifted its holdings in shares of TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) by 4.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,033 shares of the company’s stock after acquiring an additional 847 shares during the period. Cloud Capital Management LLC owned 0.22% of TappAlpha SPY Growth & Daily Income ETF worth $485,000 at the end of the most recent reporting period.

TappAlpha SPY Growth & Daily Income ETF Stock Down 0.9%

TappAlpha SPY Growth & Daily Income ETF stock opened at $25.41 on Tuesday. The company has a fifty day simple moving average of $25.53 and a 200-day simple moving average of $25.05. TappAlpha SPY Growth & Daily Income ETF has a 12-month low of $22.67 and a 12-month high of $26.67.

TappAlpha SPY Growth & Daily Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.2952 per share. This represents a c) dividend on an annualized basis and a yield of 13.9%. The ex-dividend date of this dividend was Tuesday, June 30th.

About TappAlpha SPY Growth & Daily Income ETF

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.