TPAY Short Volume
Roundhill Investments - S&P 500 Target 10 Managed Distribution ETF (TPAY) operates in the Financial Services sector, specifically the Asset Management - Global industry, with a market capitalization near $14.7M, listed on CBOE, carrying a beta of 1.36 to the broader market. The Roundhill S&P 500 Target 10 Managed Distribution ETF (“TPAY”) is designed to pay monthly return of capital distributions to shareholders at an annualized rate of ten percent, while providing exposure to the S&P 500. Led by Andrew Serowik, public since 2019-01-31.
Short volume measures the number of shares sold short on a given day as reported by FINRA. Tracking short volume relative to total volume helps identify unusual bearish sentiment or short-squeeze potential.
- Latest Date
- 2026-05-15
- Short Volume
- 199
- Total Volume
- 557
- Short %
- 35.73%
- 30-Day Avg Short %
- 56.42%
Showing 30 days of FINRA short volume data for Roundhill Investments - S&P 500 Target 10 Managed Distribution ETF.
Learn how short volume is reported and how to read the data →
Frequently asked TPAY short volume questions
- What is the daily TPAY short volume?
- As of May 15, 2026, Roundhill Investments - S&P 500 Target 10 Managed Distribution ETF (TPAY) short volume is 199 shares against 557 total reported volume, or 35.73% short-side. Short volume measures shares sold short during the day; it is flow, not inventory.
- How is TPAY short volume reported?
- FINRA publishes the Daily Short Sale Volume File for trades reported to FINRA TRFs and the FINRA/Nasdaq ADF on a T+1 basis. The headline figure is the count of shares that printed at the short-sale or short-exempt tick across all reporting venues for the symbol; each exchange separately publishes its own daily short-sale data file.
- What does TPAY short volume tell options traders?
- Daily short-sale flow is one input that helps disambiguate dealer-hedging activity from directional bear flow when the chain shows fresh customer call inventory. It is not a clean MM-only proxy: the headline number mixes directional shorting, options-MM delta-hedging, ETF-creation arbitrage, and convertible-arb hedging. Cross-check against gamma-exposure and OI changes for a cleaner read.