TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) Shares Shorted: Short Interest Up 56.1% in September

TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 396,524 shares, a growth of 56.1% from the September 15th total of 254,090 shares. Currently, 2.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 329,303 shares, the short-interest ratio is presently 1.2 days.

Hedge Funds Weigh In On TappAlpha SPY Growth & Daily Income ETF

An institutional investor recently raised its position in TappAlpha SPY Growth & Daily Income ETF stock. Farther Finance Advisors LLC increased its holdings in shares of TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) by 80.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,503 shares of the company’s stock after purchasing an additional 23,472 shares during the quarter. Farther Finance Advisors LLC owned approximately 0.38% of TappAlpha SPY Growth & Daily Income ETF worth $1,331,000 at the end of the most recent reporting period.

TappAlpha SPY Growth & Daily Income ETF Trading Down 0.9%

TSPY stock traded down $0.24 during trading on Friday, reaching $25.16. The company’s stock had a trading volume of 214,047 shares, compared to its average volume of 266,848. TappAlpha SPY Growth & Daily Income ETF has a 1 year low of $22.67 and a 1 year high of $26.67. The company’s fifty day moving average is $25.52 and its 200-day moving average is $25.29.

TappAlpha SPY Growth & Daily Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, October 7th. Stockholders of record on Tuesday, October 6th were given a $0.2968 dividend. The ex-dividend date was Tuesday, October 6th. This is a positive change from TappAlpha SPY Growth & Daily Income ETF’s previous monthly dividend of $0.2954. This represents a $3.56 annualized dividend and a dividend yield of 14.2%.

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.