Short Interest in TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) Expands By 19.7%

TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) was the target of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 52,805 shares, an increase of 19.7% from the January 29th total of 44,118 shares. Based on an average daily volume of 365,810 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.6% of the company’s stock are sold short. Approximately 0.6% of the company’s stock are sold short. Based on an average daily volume of 365,810 shares, the days-to-cover ratio is presently 0.1 days.

TappAlpha SPY Growth & Daily Income ETF Stock Down 0.4%

Shares of TSPY opened at $24.68 on Friday. TappAlpha SPY Growth & Daily Income ETF has a fifty-two week low of $20.02 and a fifty-two week high of $26.67. The firm’s 50 day moving average price is $25.33 and its 200 day moving average price is $25.31.

TappAlpha SPY Growth & Daily Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Tuesday, March 3rd were paid a $0.30 dividend. This represents a c) annualized dividend and a dividend yield of 14.6%. The ex-dividend date was Tuesday, March 3rd.

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

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

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.