Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) Short Interest Update

Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) was the recipient of a large decrease in short interest in January. As of January 30th, there was short interest totaling 12,402 shares, a decrease of 19.7% from the January 15th total of 15,447 shares. Based on an average daily trading volume, of 10,515 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.5% of the company’s shares are short sold. Approximately 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 10,515 shares, the days-to-cover ratio is presently 1.2 days.

Simplify US Equity PLUS Convexity ETF Stock Performance

NYSEARCA SPYC opened at $41.94 on Friday. The stock has a market capitalization of $95.62 million, a P/E ratio of 26.87 and a beta of 0.98. Simplify US Equity PLUS Convexity ETF has a 52 week low of $30.67 and a 52 week high of $45.21. The stock has a fifty day moving average of $42.95 and a 200-day moving average of $42.60.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. bought a new stake in shares of Simplify US Equity PLUS Convexity ETF during the second quarter worth approximately $48,000. Osaic Holdings Inc. acquired a new stake in Simplify US Equity PLUS Convexity ETF during the 2nd quarter worth $67,000. Kingdom Financial Group LLC. bought a new stake in shares of Simplify US Equity PLUS Convexity ETF during the 4th quarter valued at $79,000. Modern Wealth Management LLC acquired a new position in shares of Simplify US Equity PLUS Convexity ETF in the 2nd quarter valued at $230,000. Finally, LifeWealth Investments LLC bought a new position in shares of Simplify US Equity PLUS Convexity ETF in the 2nd quarter worth $237,000.

About Simplify US Equity PLUS Convexity ETF

The Simplify US Equity PLUS Convexity ETF (SPYC) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively managed, fund-of-funds that provides exposure to the S&P 500 with a systematic options overlay strategy. The overlay strategy seeks to enhance upside potential and hedge downside risk. SPYC was launched on Sep 3, 2020 and is managed by Simplify.