Short Interest in Simplify US Equity PLUS Upside Convexity ETF (NYSEARCA:SPUC) Decreases By 75.0%

Simplify US Equity PLUS Upside Convexity ETF (NYSEARCA:SPUC) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 168 shares, a decrease of 75.0% from the April 30th total of 673 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 44,541 shares, the short-interest ratio is currently 0.0 days.

Simplify US Equity PLUS Upside Convexity ETF Stock Performance

Shares of SPUC stock traded up $0.13 on Friday, hitting $49.89. The company had a trading volume of 2,314 shares, compared to its average volume of 9,132. The stock’s 50-day moving average is $47.30 and its two-hundred day moving average is $47.63. Simplify US Equity PLUS Upside Convexity ETF has a twelve month low of $40.12 and a twelve month high of $52.08. The firm has a market cap of $116.24 million, a P/E ratio of 21.23 and a beta of 1.25.

Institutional Investors Weigh In On Simplify US Equity PLUS Upside Convexity ETF

A number of hedge funds have recently added to or reduced their stakes in the business. MML Investors Services LLC increased its holdings in Simplify US Equity PLUS Upside Convexity ETF by 8.9% in the fourth quarter. MML Investors Services LLC now owns 5,736 shares of the company’s stock worth $267,000 after purchasing an additional 467 shares in the last quarter. Kingdom Financial Group LLC. acquired a new stake in Simplify US Equity PLUS Upside Convexity ETF in the fourth quarter valued at approximately $85,000. Kestra Advisory Services LLC acquired a new stake in Simplify US Equity PLUS Upside Convexity ETF in the fourth quarter valued at approximately $86,000. Bank of America Corp DE acquired a new stake in Simplify US Equity PLUS Upside Convexity ETF in the third quarter valued at approximately $162,000. Finally, LifeWealth Investments LLC acquired a new stake in Simplify US Equity PLUS Upside Convexity ETF in the fourth quarter valued at approximately $219,000.

About Simplify US Equity PLUS Upside Convexity ETF

The Simplify US Equity PLUS Upside Convexity ETF (SPUC) is an exchange-traded fund that is based on the S&P 500 index. The fund is actively managed to provide exposure to the S&P 500 stocks while applying an upside options overlay strategy. SPUC was launched on Sep 3, 2020 and is managed by Simplify.