TappAlpha SPY Growth & Daily Income ETF Stock Price, News & Analysis

TappAlpha's flagship ETF (NASDAQ:TSPY) has achieved a significant milestone by surpassing $100 million in assets under management (AUM). Launched in August 2024, TSPY combines S&P 500 exposure with an actively managed daily covered call overlay strategy, aiming to provide consistent income while maintaining market growth potential.

The ETF offers monthly distributions and charges a 0.68% management fee. TappAlpha has also launched TDAQ, a similar fund focused on the NASDAQ 100 index. Both funds are available on major retail brokerage platforms and implement a zero days to expiration (0DTE) options strategy to generate daily income.

TappAlpha has launched the Innovation 100 Growth & Daily Income ETF (TDAQ), expanding its ETF lineup to offer exposure to the NASDAQ-100 with a daily covered call strategy. This launch follows the success of their flagship product, TSPY, which has accumulated $69 million in AUM since its August 2024 launch.

TDAQ combines QQQ holdings with a daily covered call overlay, allowing investors to participate in technology and innovation company growth while generating consistent income. The new ETF features a 0.68% management fee and aims to provide monthly distributions, making sophisticated investment strategies accessible to a broader investor base.

TappAlpha marks the six-month anniversary of its TappAlpha SPY Growth & Daily Income ETF (NASDAQ: TSPY) with impressive performance metrics. Since its launch on August 15, 2024, TSPY has achieved a total return of 11.17% (as of February 15, 2025), surpassing the S&P 500 benchmark.

The fund, which manages $18.1 million in assets (as of February 14, 2025), implements a 0DTE covered call strategy on SPY shares to generate consistent income while maintaining growth potential. February's distribution reached 14.10% (as of February 4, 2025), with an estimated 100% return of capital.

TSPY's strategy focuses on balancing growth and income, demonstrating lower market volatility through reduced beta while delivering strong returns. The fund continues to attract investors seeking both reliable monthly distributions and market-like growth potential.

TappAlpha announced a three-month distribution milestone for its TappAlpha SPY Growth & Daily Income ETF (TSPY). The distribution amount is $0.29391 per share, with a distribution rate of 13.54% as of December 5, 2024. The 30-day SEC yield is 0.57% as of the same date. Key dates include an ex-date of December 4, 2024, and a payable date of December 5, 2024.

Since its launch on August 15, 2024, TSPY has provided consistent monthly distributions. It uses a 0DTE (zero days to expiration) covered call strategy on SPY shares to generate income while allowing for growth opportunities. The fund has an expense ratio of 0.68% and net assets totaling $9,378,972 as of December 4, 2024. TappAlpha's innovative approach aims to enhance income through daily active management, making TSPY a compelling option for income-focused investors.

TappAlpha announced the second monthly distribution for its SPY Growth & Daily Income ETF (TSPY), declaring $0.27655 per share with a distribution rate of 12.93% and 30-day SEC yield of 0.57%. TSPY, launched on August 15, 2024, combines S&P 500 growth with a daily covered call strategy for enhanced income and market participation. The ETF, which made its first distribution on October 3, 2024, currently manages $6.93 million in net assets with a management fee of 0.68%.

TappAlpha has announced the first monthly income distribution for its TappAlpha SPY Growth & Daily Income ETF (NASDAQ: TSPY). The distribution amount is $0.29488 per share, with a distribution rate of 14.2% and a 30-day SEC yield of 0.57% as of 10/3/24. The ex-date is set for Thursday, 10/3/2024, with the payable date on Friday, 10/4/2024.

TSPY aims to provide market-like growth and daily income using a (0DTE) covered call strategy on fund-owned shares of SPY, which tracks the S&P 500. Launched on August 15, 2024, TSPY is designed as a long-term investment vehicle for investors seeking both growth and income. The ETF has a management fee of 0.68% and $4,295,443 in net assets as of 10/3/2024.

TappAlpha has launched its first ETF, the TappAlpha SPY Growth & Daily Income ETF (NASDAQ: TSPY). This innovative fund combines S&P 500 exposure with daily covered call strategies to enhance potential returns. TSPY utilizes advanced technology to identify optimal strike prices daily, capitalizing on rapid time decay of 0DTE options while aiming to capture a portion of SPY's upside.

Key features of TSPY include:

• Daily covered call strategy for consistent income generation
• Adaptive approach to market volatility
• Anticipated monthly distributions
• Management fee of 0.68%
• Suitable for various investor types and account types

TappAlpha, founded in 2023 by Si Katara, aims to democratize sophisticated investing strategies through accessible solutions for financial advisors and retail investors.