Short Interest in TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) Decreases By 58.4%

TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totaling 35,106 shares, a decline of 58.4% from the February 26th total of 84,459 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 325,506 shares, the days-to-cover ratio is currently 0.1 days.

TappAlpha SPY Growth & Daily Income ETF Stock Down 1.7%

TappAlpha SPY Growth & Daily Income ETF stock opened at $23.23 on Friday. TappAlpha SPY Growth & Daily Income ETF has a 1-year low of $20.02 and a 1-year high of $26.67. The company has a fifty day simple moving average of $24.80 and a 200 day simple moving average of $25.21.

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 issued a $0.30 dividend. The ex-dividend date was Tuesday, March 3rd. This represents a c) annualized dividend and a dividend yield of 15.5%.

Institutional Trading of TappAlpha SPY Growth & Daily Income ETF

A hedge fund recently raised its stake in TappAlpha SPY Growth & Daily Income ETF stock. Cloud Capital Management LLC boosted its stake in shares of TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,033 shares of the company’s stock after purchasing an additional 847 shares during the period. Cloud Capital Management LLC owned 0.22% of TappAlpha SPY Growth & Daily Income ETF worth $485,000 as of its most recent filing with the SEC.

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.