| Indicators | Browse All

TappAlpha SPY Growth & Daily Income ETF (TSPY)

Derivative Income | Exchange Traded Fund | NasdaqGM
25.44 USD -0.17 (-0.683%) ⇩ (July 13, 2026, 4 p.m. EDT)

Short-term:★★⯪☆☆Long-term:★★⯪☆☆Dividends:★★★☆☆
Hot Take | July 11, 2026, 5:23 a.m. EDT

The TappAlpha SPY Growth & Daily Income ETF presents a classic case of a newly launched product where the 'newness' of the fund itself creates a data vacuum for traditional long-term analysis. Because the security has effectively zero price history beyond its inception, it is impossible to assess a multi-year trajectory or validate the durability of its business model based on past performance; therefore, the long-term outlook remains neutral until a track record is established. However, the immediate setup is intriguing for a tactical trader. The fund offers a robust 2.17% yield, which appears sustainable given the consistent dividend payments seen in the recent history. Yet, the technical picture is mixed: the price is hovering flatly around its 50-day average, showing no clear momentum to drive a bullish breakout. Compounding this uncertainty, the statistical forecasting model leans slightly negative for the coming month, while options traders are aggressively buying protection at lower price levels, signaling a lack of consensus on an upward move. Until the price breaks decisively above recent resistance or the fund proves its ability to generate alpha relative to its benchmark, it remains a speculative hold rather than a conviction play.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL_119 ✓0.018604
MSTL0.037610
AutoARIMA0.040243
AutoETS0.040243
AutoTheta0.040811

Forecast horizon: 60 days | Selected: MSTL_119

Forecast Reliability
Score 65%
H-stat 0.81
Ljung-Box p 0.000
Jarque-Bera p 0.097
Excess Kurtosis -0.63
Attribute Value
Trailing P/E 26.62

As of July 11, 2026, 5:23 a.m. EDT: Speculators are positioning defensively with heavy out-of-the-money put open interest at strikes significantly below current price (22.0 and 23.0), suggesting a fear of a sharp decline. Conversely, call activity is sparse and concentrated near the money, with notable volume in deep out-of-the-money calls for December expirations, indicating a speculative hope for a rebound rather than a confirmed trend. Implied volatility is elevated on near-term puts compared to calls, reflecting asymmetric risk pricing.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
1.17% 14.24%
Dividend History
Date Dividend Yield %
2026-06-30 0.295 1.165087
2026-06-02 0.298 1.148362
2026-05-05 0.293 1.168262
2026-03-31 0.281 1.213823
2026-03-03 0.300 1.220008
2026-02-03 0.300 1.189532
2026-01-06 0.302 1.181072
2025-12-02 0.301 1.186908
2025-11-04 0.303 1.193383
2025-10-07 0.300 1.181568
2025-09-02 0.292 1.193298
2025-08-05 0.292 1.203131
2025-07-01 0.286 1.182307
2025-06-03 0.282 1.202559
2025-05-07 0.283 1.264522
2025-04-02 0.271 1.160103
2025-03-05 0.291 1.203574
2025-02-05 0.298 1.173228
2025-01-08 0.294 1.178357
2024-12-04 0.294 1.126437
2024-11-07 0.277 1.068673
2024-11-06 0.277 1.074351
2024-10-03 0.295 1.179292
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
dividendYield 2.17

Info Dump

Attribute Value
All Time High 26.96
All Time Low 20.02
Ask 27.59
Ask Size 2
Average Daily Volume10 Day 239,320
Average Daily Volume3 Month 246,529
Average Volume 246,529
Average Volume10Days 239,320
Beta3 Year 0.0
Bid 23.5
Bid Size 2
Category Derivative Income
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 25.63
Day Low 25.38
Dividend Yield 2.17
Eps Trailing Twelve Months 0.95572305
Esg Populated 0
Exchange NGM
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 25.50806
Fifty Day Average Change -0.06805992
Fifty Day Average Change Percent -0.002668173
Fifty Two Week Change Percent 4.2622924
Fifty Two Week High 26.67
Fifty Two Week High Change -1.2299995
Fifty Two Week High Change Percent -0.046119217
Fifty Two Week Low 22.665
Fifty Two Week Low Change 2.7749996
Fifty Two Week Low Change Percent 0.12243545
Fifty Two Week Range 22.665 - 26.67
First Trade Date Milliseconds 1,723,728,600,000
Full Exchange Name NasdaqGM
Fund Family TappAlpha
Fund Inception Date 1,723,593,600
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Ipo Expected Date 2,024-08-15
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary Under normal circumstances, the fund invests at least 80% of its net assets, plus the amount of borrowings for investment purposes, in financial instruments and economic interests, including through direct investments in equity securities, that provide exposure to the S&P 500® Index. The fund is non-diversified.
Long Name TappAlpha SPY Growth & Daily Income ETF
Market us_market
Market State PRE
Max Age 86,400
Message Board Id finmb_1861876259
Nav Price 25.5927
Net Assets 310,712,064.0
Net Expense Ratio 0.71
Open 25.63
Pre Market Change -0.22000122
Pre Market Change Percent -0.86478466
Pre Market Price 25.22
Pre Market Time 1,784,033,059
Previous Close 25.615
Price Hint 2
Quote Source Name Nasdaq Real Time Price
Quote Type ETF
Region US
Regular Market Change -0.174999
Regular Market Change Percent -0.68319
Regular Market Day High 25.63
Regular Market Day Low 25.38
Regular Market Day Range 25.38 - 25.63
Regular Market Open 25.63
Regular Market Previous Close 25.615
Regular Market Price 25.44
Regular Market Time 1,783,972,800
Regular Market Volume 157,446
Short Name TappAlpha S&P 500 Growth & Dail
Source Interval 15
Symbol TSPY
Total Assets 310,712,064
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing P E 26.618591
Trailing Peg Ratio None
Trailing Three Month Nav Returns 12.22436
Trailing Three Month Returns 12.22436
Triggerable 1
Two Hundred Day Average 25.16418
Two Hundred Day Average Change 0.27581978
Two Hundred Day Average Change Percent 0.010960809
Type Disp ETF
Volume 157,446
Yield 0.0217
Ytd Return 6.92672