Defiance S&P 500 Target Income (SPYT)Large Blend | Exchange Traded Fund | NYSEArca
17.04 USD
|
Hot Take ↕ | Oct. 10, 2026, 11:17 a.m. EDT
This instrument is a classic income vehicle that sacrifices capital appreciation for a massive yield, currently sitting at 19%. The price history confirms the trade-off: over the last year, the asset has declined roughly 10.5%, meaning the high yield barely covers the capital loss. While the monthly distributions are consistent, the underlying strategy of selling call options caps upside gains, which explains why the asset underperformed peers despite the attractive headline yield. For a short-term swing trader, the lack of momentum and the heavy put positioning suggest a floor around $15-$16, making it a poor candidate for aggressive growth. Long-term holders should view this strictly as a bond substitute with elevated risk, rather than a wealth-building equity play. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.011148 |
| AutoETS | 0.011149 |
| AutoTheta | 0.012595 |
| MSTL | 0.012702 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 61% |
| H-stat | 0.19 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.355 |
| Excess Kurtosis | -0.95 |
| Attribute | Value |
|---|---|
| Trailing P/E | 24.01 |
As of Oct. 10, 2026, 11:17 a.m. EDT: Speculators are positioning for a range-bound outcome with a distinct skew toward downside protection. Put open interest is heavily concentrated out-of-the-money (OTM) at the $15 strike for the December expiration, while call activity is sparse and mostly ATM. The implied volatility surface shows a significant 'smile' where OTM puts trade at a premium relative to OTM calls, indicating market participants are pricing in a higher probability of a drop below $15 than a rally above $18.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 1.69% | 20.46% | — | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-10-01 | 0.287 | 1.692217 |
| 2026-09-01 | 0.291 | 1.704745 |
| 2026-08-03 | 0.286 | 1.658933 |
| 2026-07-01 | 0.290 | 1.680185 |
| 2026-06-01 | 0.300 | 1.690141 |
| 2026-05-01 | 0.290 | 1.675332 |
| 2026-04-01 | 0.264 | 1.637717 |
| 2026-03-02 | 0.291 | 1.707746 |
| 2026-02-02 | 0.296 | 1.691429 |
| 2025-12-31 | 0.312 | 1.783877 |
| 2025-12-01 | 0.314 | 1.768018 |
| 2025-11-03 | 0.321 | 1.765677 |
| 2025-10-01 | 0.322 | 1.773128 |
| 2025-09-02 | 0.322 | 1.801903 |
| 2025-08-01 | 0.320 | 1.812005 |
| 2025-07-01 | 0.308 | 1.724524 |
| 2025-06-02 | 0.300 | 1.715266 |
| 2025-05-01 | 0.284 | 1.690476 |
| 2025-04-01 | 0.298 | 1.721548 |
| 2025-03-03 | 0.316 | 1.725833 |
| 2025-02-03 | 0.327 | 1.713836 |
| 2024-12-31 | 0.328 | 1.713689 |
| 2024-12-02 | 0.336 | 1.685055 |
| 2024-11-01 | 0.332 | 1.716649 |
| 2024-10-01 | 0.334 | 1.704951 |
| 2024-09-03 | 0.333 | 1.719153 |
| 2024-07-31 | 0.330 | 1.680244 |
| 2024-07-01 | 0.337 | 1.693467 |
| 2024-06-03 | 0.330 | 1.683673 |
| 2024-05-01 | 0.324 | 1.701681 |
| 2024-04-01 | 0.340 | 1.697539 |
| Attribute | Value |
|---|---|
| All Time High | 20.765 |
| All Time Low | 14.87 |
| Ask | 0.0 |
| Ask Size | 7,300 |
| Average Daily Volume10 Day | 97,260 |
| Average Daily Volume3 Month | 116,359 |
| Average Volume | 116,359 |
| Average Volume10Days | 97,260 |
| Beta3 Year | 0.0 |
| Bid | 17.04 |
| Bid Size | 7,100 |
| Category | Large Blend |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 17.08 |
| Day Low | 16.93 |
| Display Name | S&P 500 Target Income ETF |
| Dividend Yield | 19.02 |
| Eps Trailing Twelve Months | 0.70960075 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 17.27048 |
| Fifty Day Average Change | -0.23047829 |
| Fifty Day Average Change Percent | -0.013345216 |
| Fifty Two Week Change Percent | -5.804312 |
| Fifty Two Week High | 18.68 |
| Fifty Two Week High Change | -1.6399994 |
| Fifty Two Week High Change Percent | -0.0877944 |
| Fifty Two Week Low | 15.77 |
| Fifty Two Week Low Change | 1.2700005 |
| Fifty Two Week Low Change Percent | 0.080532685 |
| Fifty Two Week Range | 15.77 - 18.68 |
| First Trade Date Milliseconds | 1,709,821,800,000 |
| Full Exchange Name | NYSEArca |
| Fullday Change | 0.11999893 |
| Fullday Change Percent | 0.70421904 |
| Fullday Price | 17.04 |
| Fund Family | Defiance ETFs LLC |
| Fund Inception Date | 1,709,510,400 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund’s strategy involves holding shares of unaffiliated passively managed ETFs that seek to track the performance of the index (“Index ETFs”) and selling daily credit call spreads on the index. Its daily credit call spread strategy consists of selling a call option and simultaneously buying another call option at a higher strike price for income generation. The fund is non-diversified. |
| Market | us_market |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_1869443373 |
| Nav Price | 17.0229 |
| Net Assets | 165,292,928.0 |
| Net Expense Ratio | 0.92 |
| Open | 16.94 |
| Previous Close | 17.04 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.0 |
| Regular Market Change Percent | 0.0 |
| Regular Market Day High | 17.08 |
| Regular Market Day Low | 16.93 |
| Regular Market Day Range | 16.93 - 17.08 |
| Regular Market Open | 16.94 |
| Regular Market Previous Close | 17.04 |
| Regular Market Price | 17.04 |
| Regular Market Time | 1,792,094,400 |
| Regular Market Volume | 63,496 |
| Short Name | Defiance S&P 500 Target Income |
| Source Interval | 15 |
| Symbol | SPYT |
| Total Assets | 165,292,928 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 24.013504 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 3.10791 |
| Trailing Three Month Returns | 3.10791 |
| Triggerable | 1 |
| Two Hundred Day Average | 17.26602 |
| Two Hundred Day Average Change | -0.2260189 |
| Two Hundred Day Average Change Percent | -0.013090389 |
| Type Disp | ETF |
| Volume | 63,496 |
| Yield | 0.1902 |
| Ytd Return | 12.30328 |