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

Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) saw a large increase in short interest in February. As of February 27th, there was short interest totaling 12,063 shares, an increase of 660.1% from the February 12th total of 1,587 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 8,571 shares, the short-interest ratio is presently 1.4 days. Based on an average daily trading volume, of 8,571 shares, the short-interest ratio is presently 1.4 days. Approximately 0.5% of the shares of the stock are short sold.

Hedge Funds Weigh In On Simplify US Equity PLUS Convexity ETF

Several hedge funds have recently added to or reduced their stakes in SPYC. Aptus Capital Advisors LLC increased its holdings in shares of Simplify US Equity PLUS Convexity ETF by 52.0% in the 4th quarter. Aptus Capital Advisors LLC now owns 2,553 shares of the company’s stock valued at $109,000 after acquiring an additional 873 shares during the period. Integrated Wealth Concepts LLC grew its holdings in Simplify US Equity PLUS Convexity ETF by 29.3% in the 4th quarter. Integrated Wealth Concepts LLC now owns 323,898 shares of the company’s stock valued at $13,845,000 after buying an additional 73,490 shares in the last quarter. Howard Bailey Securities LLC increased its position in shares of Simplify US Equity PLUS Convexity ETF by 13.4% during the 4th quarter. Howard Bailey Securities LLC now owns 11,046 shares of the company’s stock worth $472,000 after purchasing an additional 1,309 shares during the last quarter. Evolution Wealth Management Inc. lifted its position in shares of Simplify US Equity PLUS Convexity ETF by 7.2% during the fourth quarter. Evolution Wealth Management Inc. now owns 74,961 shares of the company’s stock worth $3,204,000 after purchasing an additional 5,020 shares in the last quarter. Finally, Lloyd Advisory Services LLC. grew its stake in shares of Simplify US Equity PLUS Convexity ETF by 6.5% during the fourth quarter. Lloyd Advisory Services LLC. now owns 40,423 shares of the company’s stock worth $1,728,000 after purchasing an additional 2,460 shares in the last quarter.

Simplify US Equity PLUS Convexity ETF Trading Down 0.3%

Shares of SPYC stock traded down $0.13 during trading hours on Tuesday, reaching $41.24. The company’s stock had a trading volume of 8,246 shares, compared to its average volume of 8,858. Simplify US Equity PLUS Convexity ETF has a one year low of $30.67 and a one year high of $45.21. The firm’s fifty day simple moving average is $42.59 and its 200 day simple moving average is $42.71. The stock has a market capitalization of $94.03 million, a P/E ratio of 26.87 and a beta of 0.98.

Simplify US Equity PLUS Convexity ETF Company Profile

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.