Short Interest in Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) Drops By 40.8%

Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) was the recipient of a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 4,735 shares, a decline of 40.8% from the January 29th total of 7,997 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 13,567 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 13,567 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Trading of Simplify US Equity PLUS Downside Convexity ETF

Several institutional investors have recently modified their holdings of SPD. Networth Advisors LLC acquired a new position in Simplify US Equity PLUS Downside Convexity ETF during the 4th quarter worth approximately $27,000. Transce3nd LLC bought a new position in shares of Simplify US Equity PLUS Downside Convexity ETF in the 2nd quarter worth $30,000. Kingdom Financial Group LLC. acquired a new stake in Simplify US Equity PLUS Downside Convexity ETF in the 4th quarter valued at $83,000. Great Lakes Retirement Inc. acquired a new position in Simplify US Equity PLUS Downside Convexity ETF during the third quarter worth $207,000. Finally, Osaic Holdings Inc. lifted its stake in shares of Simplify US Equity PLUS Downside Convexity ETF by 21.8% in the second quarter. Osaic Holdings Inc. now owns 7,218 shares of the company’s stock valued at $265,000 after buying an additional 1,291 shares in the last quarter.

Simplify US Equity PLUS Downside Convexity ETF Stock Up 0.2%

Shares of SPD traded up $0.09 during midday trading on Monday, reaching $38.84. 40,501 shares of the stock were exchanged, compared to its average volume of 14,539. The stock’s 50 day simple moving average is $39.37 and its 200 day simple moving average is $39.27. The company has a market cap of $115.35 million, a P/E ratio of 28.26 and a beta of 0.74. Simplify US Equity PLUS Downside Convexity ETF has a twelve month low of $29.54 and a twelve month high of $41.20.

Simplify US Equity PLUS Downside Convexity ETF Company Profile

The Simplify US Equity PLUS Downside Convexity ETF (SPD) 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 US large-cap stocks while applying a downside options overlay strategy. SPD was launched on Sep 3, 2020 and is managed by Simplify.