Short Interest in Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) Drops By 73.6%

Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 77,905 shares, a drop of 73.6% from the May 31st total of 294,592 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average trading volume of 149,774 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of Tidal Trust II Defiance S&P 500

An institutional investor recently raised its stake in Tidal Trust II Defiance S&P 500 stock. PFG Investments LLC boosted its position in Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) by 85.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 37,092 shares of the company’s stock after purchasing an additional 17,078 shares during the quarter. PFG Investments LLC owned about 0.44% of Tidal Trust II Defiance S&P 500 worth $605,000 at the end of the most recent quarter.

Tidal Trust II Defiance S&P 500 Trading Down 0.1%

Shares of Tidal Trust II Defiance S&P 500 stock opened at $17.22 on Friday. Tidal Trust II Defiance S&P 500 has a twelve month low of $15.77 and a twelve month high of $18.68. The business’s 50 day simple moving average is $17.53 and its 200-day simple moving average is $17.32. The stock has a market capitalization of $146.03 million, a price-to-earnings ratio of 24.43 and a beta of 0.88.

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.