Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) Stock Short Interest Jumps 254.3%

Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) was the recipient of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 229,893 shares, an increase of 254.3% from the October 15th total of 64,880 shares. Based on an average trading volume of 130,619 shares, the short-interest ratio is currently 1.8 days. Currently, 2.2% of the company’s shares are sold short.

Hedge Funds Weigh In On Tidal Trust II Defiance S&P 500

A number of institutional investors have recently added to or reduced their stakes in the company. Virtue Capital Management LLC acquired a new stake in shares of Tidal Trust II Defiance S&P 500 in the third quarter valued at approximately $1,959,000. Redwood Family Wealth LLC lifted its holdings in shares of Tidal Trust II Defiance S&P 500 by 3.7% during the 3rd quarter. Redwood Family Wealth LLC now owns 32,655 shares of the company’s stock worth $562,000 after acquiring an additional 1,179 shares during the period. Corient Private Wealth LP increased its stake in Tidal Trust II Defiance S&P 500 by 57.0% in the second quarter. Corient Private Wealth LP now owns 27,408 shares of the company’s stock valued at $578,000 after acquiring an additional 9,946 shares during the last quarter. Herbst Group LLC bought a new position in Tidal Trust II Defiance S&P 500 in the second quarter valued at approximately $1,824,000. Finally, ZEGA Investments LLC acquired a new position in Tidal Trust II Defiance S&P 500 during the second quarter valued at approximately $261,000.

Tidal Trust II Defiance S&P 500 Trading Down 0.5%

Shares of SPYT stock traded down $0.08 during trading hours on Friday, hitting $16.32. 89,379 shares of the company were exchanged, compared to its average volume of 141,635. The company has a market capitalization of $168.91 million, a PE ratio of 23.94 and a beta of 0.88. Tidal Trust II Defiance S&P 500 has a 52 week low of $15.77 and a 52 week high of $18.15. The business has a 50 day moving average of $16.94 and a two-hundred day moving average of $17.17.

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.