TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) Shares Shorted: Short Interest Up 56.1% in September

by · The Markets Daily

TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY – Get Free Report) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 396,524 shares, an increase of 56.1% from the September 15th total of 254,090 shares. Based on an average daily volume of 329,303 shares, the short-interest ratio is currently 1.2 days. Currently, 2.8% of the shares of the company 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. Compass Financial Management LLC acquired a new stake in TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 5,000 shares of the company’s stock, valued at approximately $142,000.

TappAlpha SPY Growth & Daily Income ETF Stock Performance

NASDAQ TSPY traded down $0.28 on Friday, reaching $25.12. The stock had a trading volume of 366,647 shares, compared to its average volume of 267,675. The firm has a fifty day moving average of $25.50 and a two-hundred day moving average of $25.29. TappAlpha SPY Growth & Daily Income ETF has a 1-year low of $22.67 and a 1-year high of $26.67.

TappAlpha SPY Growth & Daily Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, October 7th. Stockholders of record on Tuesday, October 6th were given a $0.2968 dividend. This represents a $3.56 annualized dividend and a dividend yield of 14.2%. The ex-dividend date was Tuesday, October 6th. This is a boost from TappAlpha SPY Growth & Daily Income ETF’s previous monthly dividend of $0.2954.

About TappAlpha SPY Growth & Daily Income ETF

(Get Free Report)

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.

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