Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) Shares Shorted: Short Interest Down 37.7% in September

Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 111,184 shares, a decrease of 37.7% from the August 31st total of 178,495 shares. Based on an average trading volume of 130,362 shares, the days-to-cover ratio is presently 0.9 days. Approximately 1.2% of the shares of the company are sold short.

Tidal Trust II Defiance S&P 500 Price Performance

Shares of SPYT stock opened at $17.01 on Friday. The stock has a market cap of $163.64 million, a P/E ratio of 24.43 and a beta of 0.87. The company has a fifty day moving average price of $17.29 and a two-hundred day moving average price of $17.23. Tidal Trust II Defiance S&P 500 has a one year low of $15.77 and a one year high of $18.68.

Institutional Investors Weigh In On Tidal Trust II Defiance S&P 500

Several hedge funds have recently bought and sold shares of the company. ZEGA Investments LLC increased its position in Tidal Trust II Defiance S&P 500 by 2.0% during the second quarter. ZEGA Investments LLC now owns 118,905 shares of the company’s stock worth $2,087,000 after buying an additional 2,368 shares during the last quarter. Herbst Group LLC acquired a new stake in shares of Tidal Trust II Defiance S&P 500 in the second quarter valued at approximately $1,824,000. PFG Investments LLC lifted its position in shares of Tidal Trust II Defiance S&P 500 by 85.3% in the first quarter. PFG Investments LLC now owns 37,092 shares of the company’s stock valued at $605,000 after buying an additional 17,078 shares during the last quarter. Corient Private Wealth LP boosted its stake in shares of Tidal Trust II Defiance S&P 500 by 57.0% during the 2nd quarter. Corient Private Wealth LP now owns 27,408 shares of the company’s stock worth $578,000 after acquiring an additional 9,946 shares during the period. Finally, Wealthcare Advisory Partners LLC increased its holdings in shares of Tidal Trust II Defiance S&P 500 by 9.4% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 22,354 shares of the company’s stock worth $392,000 after acquiring an additional 1,915 shares during the last quarter.

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.