Short Interest in Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) Decreases By 73.6%

Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 77,905 shares, a decline of 73.6% from the May 31st total of 294,592 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 149,774 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On Tidal Trust II Defiance S&P 500

A hedge fund recently raised its stake in Tidal Trust II Defiance S&P 500 stock. PFG Investments LLC boosted its stake in shares of Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) by 85.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,092 shares of the company’s stock after purchasing an additional 17,078 shares during the period. PFG Investments LLC owned approximately 0.44% of Tidal Trust II Defiance S&P 500 worth $605,000 at the end of the most recent reporting period.

Tidal Trust II Defiance S&P 500 Stock Down 0.1%

Shares of NYSEARCA:SPYT opened at $17.22 on Friday. Tidal Trust II Defiance S&P 500 has a 52-week low of $15.77 and a 52-week high of $18.68. The company has a market capitalization of $146.03 million, a P/E ratio of 24.43 and a beta of 0.88. The stock’s fifty day simple moving average is $17.53 and its 200-day simple moving average is $17.32.

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.