21-Sep-2026
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One Year, $330 Million: TappAlpha's TDAQ Triples a Threshold Nearly 90% of Active ETFs Never Reach
Globe Newswire (Tue, 15-Sep 7:30 AM ET)
Globe Newswire (Wed, 15-Jul 7:30 AM ET)
TappAlpha S&P 500 Growth & Daily Income ETF (the "Fund") seeks current income while maintaining prospects for capital appreciation. The Fund's secondary investment objective is to seek exposure to the performance of the S&P 500 Index. The Fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objectives through the use of a call option strategy that combines a long position in one or more exchange-traded funds ("ETFs") that provide exposure to the S&P 500 Index (such as SPDR S&P 500 ETF Trust ("SPY") and/or Vanguard S&P 500 ETF ("VOO")), with short positions in certain call options. The strategy is a daily covered call option strategy that sells "out of the money" call options with zero days to expiration each day, known as a "daily call". Daily call options having zero days to expiration are also known as "0DTE" options. In general, an option is a contract that gives the purchaser of the option, in return for a premium, the right to buy from the seller (writer) of the option the security underlying the option at a specified exercise price (the "strike price") at a specified expiration date.
Tappalpha S&P 500 Growth & Daily Income ETF trades on the NASDAQ stock market under the symbol TSPY.
As of September 21, 2026, TSPY stock price climbed to $25.68 with 382,112 million shares trading.
TSPY has a beta of 0.93, meaning it tends to be less sensitive to market movements. TSPY has a correlation of 0.97 to the broad based SPY ETF.
TSPY has a market cap of $332.56 million. This is considered a Small Cap stock.
TSPY has underperformed the market in the last year with a return of +14.8%, while the SPY ETF gained +17.7%. In the last 3 month period, TSPY fell short of the market, returning +3.7%, while SPY returned +3.8%. However, in the most recent 2 weeks TSPY has outperformed the stock market by returning +0.8%, while SPY returned +0.7%.
TSPY support price is $25.15 and resistance is $25.49 (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 TSPY shares will trade within this expected range on the day.
