Short Interest in TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) Rises By 144.7%

TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 294,412 shares, a growth of 144.7% from the May 31st total of 120,297 shares. Approximately 2.8% of the shares of the company are sold short. Based on an average daily volume of 209,972 shares, the short-interest ratio is currently 1.4 days.

TappAlpha SPY Growth & Daily Income ETF Price Performance

TSPY opened at $25.41 on Monday. The company’s 50 day moving average is $25.45 and its 200 day moving average is $25.06. 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 Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Wednesday, June 3rd. Investors of record on Tuesday, June 2nd were paid a dividend of $0.2975 per share. The ex-dividend date was Tuesday, June 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 14.0%.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in TappAlpha SPY Growth & Daily Income ETF stock. Triumph Capital Management bought a new stake in shares of TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 64,312 shares of the company’s stock, valued at approximately $1,646,000. Triumph Capital Management owned approximately 1.36% of TappAlpha SPY Growth & Daily Income ETF as of its most recent filing with the Securities & Exchange Commission.

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.