TappAlpha SPY Growth & Daily Income ETF Sees Unusually High Options Volume (NASDAQ:TSPY)

TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) was the target of unusually large options trading activity on Friday. Investors bought 2,416 put options on the stock. This represents an increase of approximately 1,084% compared to the typical daily volume of 204 put options.

TappAlpha SPY Growth & Daily Income ETF Price Performance

TSPY opened at $22.14 on Friday. TappAlpha SPY Growth & Daily Income ETF has a 52 week low of $20.02 and a 52 week high of $26.96. The firm has a 50-day simple moving average of $23.04 and a two-hundred day simple moving average of $24.73.

TappAlpha SPY Growth & Daily Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, April 2nd were paid a dividend of $0.2711 per share. This represents a $3.25 dividend on an annualized basis and a yield of 14.70%. The ex-dividend date of this dividend was Wednesday, April 2nd.

Institutional Trading of TappAlpha SPY Growth & Daily Income ETF

A hedge fund recently bought a new stake in TappAlpha SPY Growth & Daily Income ETF stock. OLD Mission Capital LLC bought a new stake in shares of TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 22,167 shares of the company’s stock, valued at approximately $556,000. OLD Mission Capital LLC owned about 3.63% of TappAlpha SPY Growth & Daily Income ETF as of its most recent filing with the Securities and Exchange Commission.

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.