TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) Short Interest Up 1,027.4% in March

TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 395,802 shares, a growth of 1,027.4% from the March 15th total of 35,106 shares. Based on an average trading volume of 238,892 shares, the days-to-cover ratio is presently 1.7 days. Currently, 4.0% of the company’s stock are sold short.

TappAlpha SPY Growth & Daily Income ETF Trading Up 0.1%

Shares of NASDAQ:TSPY opened at $24.04 on Friday. TappAlpha SPY Growth & Daily Income ETF has a 12-month low of $20.46 and a 12-month high of $26.67. The business’s fifty day simple moving average is $24.32 and its 200-day simple moving average is $25.07.

TappAlpha SPY Growth & Daily Income ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Wednesday, April 1st. Investors of record on Tuesday, March 31st were paid a dividend of $0.2807 per share. The ex-dividend date was Tuesday, March 31st.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in TappAlpha SPY Growth & Daily Income ETF stock. Cloud Capital Management LLC bought a new position in shares of TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 18,186 shares of the company’s stock, valued at approximately $464,000. Cloud Capital Management LLC owned about 0.39% of TappAlpha SPY Growth & Daily Income ETF at the end of the most recent reporting period.

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.