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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 October 5, 2026, SPYT stock price climbed to $17.09 with 70,863 million shares trading.
SPYT has a beta of 0.92, meaning it tends to be less sensitive to market movements. SPYT has a correlation of 0.99 to the broad based SPY ETF.
SPYT has a market cap of $169.19 million. This is considered a Micro Cap stock.
SPYT has underperformed the market in the last year with a price return of +13.3% while the SPY ETF gained +16.8%. However, in the short term, SPYT had mixed performance relative to the market. It has outperformed in the last 3 months, returning +4.2% vs +4.2% return in SPY. But in the last 2 weeks, SPYT shares have been beat by the market, returning +1.3% compared to an SPY return of +1.6%.
SPYT support price is $16.91 and resistance is $17.11 (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.
