Defiance S&P 500 Target Income ETF (NASDAQ:SPYT) Shares Down 0.1% – Here’s Why

Shares of Defiance S&P 500 Target Income ETF (NASDAQ:SPYT) dropped 0.1% during trading on Wednesday . The stock traded as low as $16.75 and last traded at $16.82. Approximately 139,517 shares were traded during mid-day trading, a decline of 23% from the average daily volume of 182,090 shares. The stock had previously closed at $16.84.

Defiance S&P 500 Target Income ETF Trading Down 0.1%

The company’s fifty day moving average is $17.39 and its two-hundred day moving average is $17.83. The stock has a market cap of $141.79 million, a price-to-earnings ratio of 24.93 and a beta of 0.87.

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

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

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.