Defiance S&P 500 Target Income ETF (NASDAQ:SPYT – Get Free Report) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 97,400 shares, anincreaseof12,075.0% from the July 15th total of 800 shares. Approximately1.6% of the shares of the stock are short sold. Based on an average trading volume of 76,400 shares, the short-interest ratio is presently 1.3 days. Based on an average trading volume of 76,400 shares, the short-interest ratio is presently 1.3 days. Approximately1.6% of the shares of the stock are short sold.
Defiance S&P 500 Target Income ETF Trading Up 0.2%
Shares of SPYT opened at $18.28 on Friday. The company has a 50-day moving average of $17.98 and a two-hundred day moving average of $17.81. The stock has a market cap of $110.59 million and a P/E ratio of 24.93. Defiance S&P 500 Target Income ETF has a 12-month low of $14.87 and a 12-month high of $20.29.
Hedge Funds Weigh In On Defiance S&P 500 Target Income ETF
A hedge fund recently raised its stake in Defiance S&P 500 Target Income ETF stock. Virtue Capital Management LLC increased its position in Defiance S&P 500 Target Income ETF (NASDAQ:SPYT – Free Report) by 11.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 202,335 shares of the company’s stock after buying an additional 21,232 shares during the period. Virtue Capital Management LLC owned about 3.52% of Defiance S&P 500 Target Income ETF worth $3,873,000 as of its most recent SEC filing.
About Defiance S&P 500 Target Income ETF
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.
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