TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) Short Interest Up 415.3% in July

TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 170,314 shares, a growth of 415.3% from the July 15th total of 33,051 shares. Approximately 1.4% of the shares of the company are short sold. Based on an average daily trading volume, of 193,326 shares, the days-to-cover ratio is presently 0.9 days.

TappAlpha SPY Growth & Daily Income ETF Price Performance

Shares of NASDAQ TSPY traded up $0.16 during mid-day trading on Thursday, hitting $25.97. The stock had a trading volume of 137,470 shares, compared to its average volume of 264,659. The company has a 50 day moving average of $25.41 and a two-hundred day moving average of $25.03. TappAlpha SPY Growth & Daily Income ETF has a twelve month low of $22.67 and a twelve month high of $26.67.

TappAlpha SPY Growth & Daily Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Tuesday, August 4th were paid a dividend of $0.3001 per share. This represents a c) annualized dividend and a yield of 13.9%. The ex-dividend date was Tuesday, August 4th. This is a boost from TappAlpha SPY Growth & Daily Income ETF’s previous monthly dividend of $0.30.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Compass Financial Management LLC purchased a new stake in TappAlpha SPY Growth & Daily Income ETF in the second quarter valued at approximately $142,000. Cloud Capital Management LLC raised its position in TappAlpha SPY Growth & Daily Income ETF by 4.7% during the 4th quarter. Cloud Capital Management LLC now owns 19,033 shares of the company’s stock worth $485,000 after buying an additional 847 shares during the last quarter. Finally, Triumph Capital Management purchased a new position in TappAlpha SPY Growth & Daily Income ETF during the 3rd quarter worth approximately $1,646,000.

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.