TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) Shares Shorted: Short Interest Up 56.1% in September

TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 396,524 shares, a growth of 56.1% from the September 15th total of 254,090 shares. Based on an average daily trading volume, of 329,303 shares, the days-to-cover ratio is presently 1.2 days. Currently, 2.8% of the shares of the company are short sold.

Institutional Investors Weigh In On TappAlpha SPY Growth & Daily Income ETF

A hedge fund recently raised its position in TappAlpha SPY Growth & Daily Income ETF stock. Farther Finance Advisors LLC grew its position in TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) by 80.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,503 shares of the company’s stock after purchasing an additional 23,472 shares during the quarter. Farther Finance Advisors LLC owned approximately 0.38% of TappAlpha SPY Growth & Daily Income ETF worth $1,331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

TappAlpha SPY Growth & Daily Income ETF Stock Down 0.9%

Shares of TSPY stock traded down $0.24 during trading hours on Friday, reaching $25.16. 214,047 shares of the company traded hands, compared to its average volume of 266,848. TappAlpha SPY Growth & Daily Income ETF has a 12-month low of $22.67 and a 12-month high of $26.67. The firm has a 50-day moving average price of $25.52 and a 200 day moving average price of $25.29.

TappAlpha SPY Growth & Daily Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, October 7th. Investors of record on Tuesday, October 6th were issued a $0.2968 dividend. The ex-dividend date of this dividend was Tuesday, October 6th. This represents a $3.56 annualized dividend and a yield of 14.2%. This is a positive change from TappAlpha SPY Growth & Daily Income ETF’s previous monthly dividend of $0.2954.

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.