TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) Sees Large Decrease in Short Interest

TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) was the target of a large decrease in short interest in the month of April. As of April 15th, there was short interest totaling 188,703 shares, a decrease of 52.3% from the March 31st total of 395,802 shares. Based on an average daily trading volume, of 231,521 shares, the days-to-cover ratio is presently 0.8 days. Approximately 1.8% of the company’s stock are short sold.

Institutional Investors Weigh In On TappAlpha SPY Growth & Daily Income ETF

An institutional investor recently bought a new position in TappAlpha SPY Growth & Daily Income ETF stock. Triumph Capital Management bought a new position in TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 64,312 shares of the company’s stock, valued at approximately $1,646,000. Triumph Capital Management owned 1.36% of TappAlpha SPY Growth & Daily Income ETF at the end of the most recent quarter.

TappAlpha SPY Growth & Daily Income ETF Stock Performance

Shares of TSPY stock opened at $25.16 on Monday. TappAlpha SPY Growth & Daily Income ETF has a twelve month low of $21.79 and a twelve month high of $26.67. The stock has a fifty day simple moving average of $24.24 and a two-hundred day simple moving average of $25.01.

TappAlpha SPY Growth & Daily Income ETF Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, April 1st. Shareholders of record on Tuesday, March 31st were issued a $0.2807 dividend. The ex-dividend date was Tuesday, March 31st.

TappAlpha SPY Growth & Daily Income ETF Company Profile

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.