Short Interest in Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) Increases By 239.5%

Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) was the target of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 264,469 shares, an increase of 239.5% from the June 15th total of 77,905 shares. Based on an average trading volume of 144,175 shares, the days-to-cover ratio is presently 1.8 days. Currently, 2.9% of the company’s stock are sold short.

Hedge Funds Weigh In On Tidal Trust II Defiance S&P 500

A hedge fund recently raised its position in Tidal Trust II Defiance S&P 500 stock. PFG Investments LLC grew its holdings in shares of Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) by 85.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,092 shares of the company’s stock after buying an additional 17,078 shares during the quarter. PFG Investments LLC owned 0.44% of Tidal Trust II Defiance S&P 500 worth $605,000 as of its most recent SEC filing.

Tidal Trust II Defiance S&P 500 Stock Performance

NYSEARCA:SPYT opened at $17.37 on Wednesday. The stock has a market cap of $155.98 million, a price-to-earnings ratio of 24.43 and a beta of 0.88. Tidal Trust II Defiance S&P 500 has a one year low of $15.77 and a one year high of $18.68. The business’s 50-day simple moving average is $17.53 and its 200 day simple moving average is $17.28.

About Tidal Trust II Defiance S&P 500

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.