Short Interest in TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) Increases By 144.7%

TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 294,412 shares, a growth of 144.7% from the May 31st total of 120,297 shares. Based on an average trading volume of 209,972 shares, the days-to-cover ratio is currently 1.4 days. Approximately 2.8% of the shares of the company are short sold.

Institutional Trading of TappAlpha SPY Growth & Daily Income ETF

An institutional investor recently bought a new stake in TappAlpha SPY Growth & Daily Income ETF stock. Triumph Capital Management acquired a new stake in TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 64,312 shares of the company’s stock, valued at approximately $1,646,000. Triumph Capital Management owned approximately 1.36% of TappAlpha SPY Growth & Daily Income ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

TappAlpha SPY Growth & Daily Income ETF Trading Up 0.1%

TappAlpha SPY Growth & Daily Income ETF stock traded up $0.03 during mid-day trading on Wednesday, hitting $25.35. The company had a trading volume of 87,357 shares, compared to its average volume of 277,937. TappAlpha SPY Growth & Daily Income ETF has a 12-month low of $22.67 and a 12-month high of $26.67. The company’s fifty day moving average is $25.47 and its 200-day moving average is $25.05.

TappAlpha SPY Growth & Daily Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Tuesday, June 30th will be issued a dividend of $0.2952 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 14.0%.

About TappAlpha SPY Growth & Daily Income ETF

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.