TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) Sees Significant Increase in Short Interest

TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) was the target of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 44,118 shares, an increase of 34.6% from the January 15th total of 32,770 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 326,784 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 326,784 shares, the short-interest ratio is presently 0.1 days. Approximately 0.5% of the shares of the company are sold short.

Hedge Funds Weigh In On TappAlpha SPY Growth & Daily Income ETF

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

TappAlpha SPY Growth & Daily Income ETF Price Performance

Shares of TSPY stock remained flat at $24.87 on Tuesday. The stock had a trading volume of 376,774 shares, compared to its average volume of 341,693. TappAlpha SPY Growth & Daily Income ETF has a 52-week low of $20.02 and a 52-week high of $26.67. The stock’s 50-day simple moving average is $25.46 and its 200 day simple moving average is $25.28.

TappAlpha SPY Growth & Daily Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Tuesday, February 3rd were issued a $0.3001 dividend. This represents a c) annualized dividend and a yield of 14.5%. The ex-dividend date of this dividend was Tuesday, February 3rd.

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.