Defiance S&P 500 Target Income ETF (SPYT) closed at $16.32 on November 13, 2026, down 0.5% from the previous close, on volume of 88,064 shares (30-day average 122,856).
Data as of November 13, 2026.
13-Nov-2026
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SPYT is an actively managed exchange-traded fund ("ETF") dedicated to generating current income. Our strategy revolves around holding shares of ETFs that track the S&P 500's performance and engaging in the selling of daily credit call spreads on the Index. Our options strategy involves selling a call option while simultaneously buying another call option at a higher strike price, maximizing income potential. By focusing on short-term options, we aim to offer an "enhanced" yield compared to traditional option-based strategies. SPYT's investment approach is meticulously designed to generate income through option premiums derived from selling Index call spreads, the primary driver of the Fund's yield. We sell at-the-money or near-the-money call spreads to retain upside growth potential and aim for a target annual income level of 20%. Each day, SPYT sells credit call spreads on the S&P 500, prioritizing options with near-term expiration. This entails selling call options at or near the money strike prices and buying call options above that strike price. Should the S&P 500 value rise above the upper strike price, SPYT stands to profit from further upside appreciation in the Index's value.
Defiance S&P 500 Target Income ETF trades on the ARCA stock market under the symbol SPYT.
As of November 13, 2026, SPYT stock price declined to $16.32 with 88,064 million shares trading.
SPYT has a beta of 0.93, meaning it tends to be less sensitive to market movements. SPYT has a correlation of 0.98 to the broad based SPY ETF.
SPYT has a market cap of $168.50 million. This is considered a Micro Cap stock.
SPYT has underperformed the market in the last year with a return of +10.8%, while SPY returned +13.4%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in SPYT shares. However, SPYT has outperformed the market in the last 3 month and 2 week periods, returning -2.6% and +1.2%, while SPY returned -2.8% and -0.2%, respectively. This indicates SPYT has been having a stronger performance recently.
SPYT support price is $16.25 and resistance is $16.55 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SPYT shares will trade within this expected range on the day.
