Short Interest in TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) Increases By 783.8%

TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPYGet Free Report) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 120,297 shares, an increase of 783.8% from the May 14th total of 13,612 shares. Based on an average daily volume of 186,875 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.2% of the shares of the stock are sold short.

Institutional Investors 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 lifted its stake in shares of TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPYFree Report) by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,033 shares of the company’s stock after buying an additional 847 shares during the quarter. Cloud Capital Management LLC owned approximately 0.22% of TappAlpha SPY Growth & Daily Income ETF worth $485,000 at the end of the most recent reporting period.

TappAlpha SPY Growth & Daily Income ETF Trading Up 2.0%

TSPY traded up $0.49 on Thursday, hitting $25.31. 100,537 shares of the company’s stock were exchanged, compared to its average volume of 284,125. TappAlpha SPY Growth & Daily Income ETF has a fifty-two week low of $22.67 and a fifty-two week high of $26.67. The firm has a 50-day moving average price of $25.04 and a 200-day moving average price of $25.06.

TappAlpha SPY Growth & Daily Income ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Tuesday, June 2nd were paid a dividend of $0.2975 per share. This represents a c) annualized dividend and a yield of 14.1%. The ex-dividend date of this dividend was Tuesday, June 2nd.

TappAlpha SPY Growth & Daily Income ETF Company Profile

(Get Free Report)

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.

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