Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) Short Interest Up 171.5% in April

Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totaling 272,141 shares, an increase of 171.5% from the April 15th total of 100,224 shares. Based on an average daily trading volume, of 142,633 shares, the days-to-cover ratio is presently 1.9 days. Approximately 3.2% of the shares of the stock are short sold.

Tidal Trust II Defiance S&P 500 Price Performance

Tidal Trust II Defiance S&P 500 stock opened at $17.67 on Friday. Tidal Trust II Defiance S&P 500 has a 1-year low of $15.77 and a 1-year high of $18.68. The company has a market cap of $149.84 million, a PE ratio of 24.43 and a beta of 0.88. The stock’s 50 day moving average price is $16.88 and its 200 day moving average price is $17.42.

Institutional Trading of Tidal Trust II Defiance S&P 500

An institutional investor recently raised its position in Tidal Trust II Defiance S&P 500 stock. PFG Investments LLC boosted its position in shares of Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) by 85.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 37,092 shares of the company’s stock after purchasing an additional 17,078 shares during the quarter. PFG Investments LLC owned approximately 0.44% of Tidal Trust II Defiance S&P 500 worth $605,000 at the end of the most recent reporting period.

Tidal Trust II Defiance S&P 500 Company Profile

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.