Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) Sees Large Increase in Short Interest

Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 272,957 shares, a growth of 145.5% from the September 15th total of 111,184 shares. Approximately 2.8% of the company’s shares are short sold. Based on an average daily trading volume, of 110,041 shares, the days-to-cover ratio is presently 2.5 days.

Tidal Trust II Defiance S&P 500 Stock Performance

SPYT stock traded down $0.20 during midday trading on Wednesday, hitting $17.02. 116,467 shares of the company’s stock were exchanged, compared to its average volume of 142,576. Tidal Trust II Defiance S&P 500 has a one year low of $15.77 and a one year high of $18.68. The company has a market cap of $168.45 million, a PE ratio of 24.43 and a beta of 0.87. The stock’s fifty day moving average price is $17.28 and its 200-day moving average price is $17.28.

Institutional Investors Weigh In On Tidal Trust II Defiance S&P 500

A number of hedge funds have recently modified their holdings of SPYT. ZEGA Investments LLC grew its position in shares of Tidal Trust II Defiance S&P 500 by 2.0% in the 2nd quarter. ZEGA Investments LLC now owns 118,905 shares of the company’s stock valued at $2,087,000 after purchasing an additional 2,368 shares during the period. Herbst Group LLC acquired a new stake in Tidal Trust II Defiance S&P 500 during the 2nd quarter worth approximately $1,824,000. PFG Investments LLC raised its holdings in Tidal Trust II Defiance S&P 500 by 85.3% during the 1st quarter. PFG Investments LLC now owns 37,092 shares of the company’s stock worth $605,000 after buying an additional 17,078 shares during the period. Corient Private Wealth LP raised its holdings in Tidal Trust II Defiance S&P 500 by 57.0% during the 2nd quarter. Corient Private Wealth LP now owns 27,408 shares of the company’s stock worth $578,000 after buying an additional 9,946 shares during the period. Finally, Wealthcare Advisory Partners LLC lifted its stake in Tidal Trust II Defiance S&P 500 by 9.4% in the second quarter. Wealthcare Advisory Partners LLC now owns 22,354 shares of the company’s stock valued at $392,000 after buying an additional 1,915 shares in the last 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.