Simplify Multi-QIS Alternative ETF $QIS Shares Sold by Simplify Asset Management Inc.

Simplify Asset Management Inc. decreased its stake in Simplify Multi-QIS Alternative ETF (NYSEARCA:QIS) by 18.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,777,620 shares of the company’s stock after selling 850,000 shares during the period. Simplify Multi-QIS Alternative ETF accounts for about 0.9% of Simplify Asset Management Inc.’s holdings, making the stock its 6th biggest holding. Simplify Asset Management Inc. owned 96.37% of Simplify Multi-QIS Alternative ETF worth $56,064,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Drive Wealth Management LLC increased its stake in shares of Simplify Multi-QIS Alternative ETF by 22.4% in the third quarter. Drive Wealth Management LLC now owns 13,084 shares of the company’s stock valued at $251,000 after buying an additional 2,391 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Simplify Multi-QIS Alternative ETF by 4.9% in the third quarter. Envestnet Asset Management Inc. now owns 29,651 shares of the company’s stock valued at $568,000 after buying an additional 1,382 shares during the period. Finally, Jane Street Group LLC increased its stake in shares of Simplify Multi-QIS Alternative ETF by 75.8% in the first quarter. Jane Street Group LLC now owns 28,088 shares of the company’s stock valued at $652,000 after buying an additional 12,113 shares during the period.

Simplify Multi-QIS Alternative ETF Price Performance

Shares of QIS stock opened at $13.20 on Monday. The stock has a 50-day moving average of $12.89 and a 200-day moving average of $14.61. Simplify Multi-QIS Alternative ETF has a 1-year low of $10.88 and a 1-year high of $23.27.

Simplify Multi-QIS Alternative ETF Profile

The Simplify Multi-QIS Alternative ETF (QIS) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund aims to provide positive absolute returns and income using quantitative investment strategies to invest across equities, interest rates, commodities, and currencies through total return swaps. QIS was launched on Jul 10, 2023 and is issued by Simplify.