TappAlpha SPY Growth & Daily Income ETF
24.80USDR
0.000.00%
Last update at 23:38 GMT
24.81USD
+0.01+0.04%
No tradesPost-marketLast update at 23:38 GMT
Key stats
About TappAlpha SPY Growth & Daily Income ETF
Home page
Inception date
Aug 15, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tapp Finance, Inc.
Distributor
Foreside Fund Services LLC
TSPY is the issuers first ETF. The objective of the issuer is to provide easier access to more sophisticated investment strategies. TSPY holds shares of SPDR S&P 500 Index trust (ticker: SPY) and writes call options each day to generate income. Options may be written against the shares of SPY, the S&P 500 index itself, SPX, or the Cboe Mini-SPX Index, XSP. The expiration dates for the call options will focus on using 0DTE, same day expiration, but may range up to one week. The portfolio manager aims to generate daily income and distribute the income monthly. Investors should note the high turnover rate of the fund and that distributions will be taxed as ordinary income. The fund will hold US Treasury securities as collateral.
Classification
What's in the fund
Exposure type
ETF
Stock breakdown by region
Top 10 holdings
Symbol
Assets
S
SPDR S&P 500 ETF TrustSPY
99.69%
U
U.S. Dollar
0.23%
F
First American Funds Inc X Government Obligations Fund
0.08%
Top 10 weight100.00%
3 total holdings
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
TSPY trades at 24.80 USD today, its price hasn't changed in the past 24 hours. Track more dynamics on TSPY price chart.
TSPY net asset value is 24.75 today — it's risen 2.70% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
TSPY assets under management is 53.02 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
TSPY price has risen by 0.81% over the last month, and its yearly performance shows a 1.93% increase. See more dynamics on TSPY price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.70% over the last month, showed a 15.34% increase in three-month performance and has increased by 7.43% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.70% over the last month, showed a 15.34% increase in three-month performance and has increased by 7.43% in a year.
TSPY fund flows account for 52.91 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
TSPY invests in funds. See more details in our Analysis section.
TSPY expense ratio is 0.77%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, TSPY isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, TSPY technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating TSPY shows the neutral signal. See more of TSPY technicals for a more comprehensive analysis.
Today, TSPY technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating TSPY shows the neutral signal. See more of TSPY technicals for a more comprehensive analysis.
Yes, TSPY pays dividends to its holders with the dividend yield of 13.88%.
TSPY trades at a premium (0.21%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
TSPY shares are issued by Tapp Finance, Inc.
TSPY follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Aug 15, 2024.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.