Defiance S&P 500 Target Income ETF (NASDAQ:SPYT) Trading Down 0.1% – Should You Sell?

Defiance S&P 500 Target Income ETF (NASDAQ:SPYT) shares traded down 0.1% during mid-day trading on Friday . The company traded as low as $17.09 and last traded at $17.18. 126,505 shares were traded during trading, a decline of 27% from the average session volume of 174,313 shares. The stock had previously closed at $17.19.

Defiance S&P 500 Target Income ETF Price Performance

The firm has a market capitalization of $144.83 million, a P/E ratio of 24.93 and a beta of 0.87. The firm has a 50-day moving average price of $17.64 and a two-hundred day moving average price of $17.96.

Institutional Investors Weigh In On Defiance S&P 500 Target Income ETF

An institutional investor recently bought a new position in Defiance S&P 500 Target Income ETF stock. CoreCap Advisors LLC bought a new position in shares of Defiance S&P 500 Target Income ETF (NASDAQ:SPYT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 17,571 shares of the company’s stock, valued at approximately $307,000. CoreCap Advisors LLC owned 0.23% of Defiance S&P 500 Target Income ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

About Defiance S&P 500 Target Income ETF

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.