Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) Sees Large Growth in Short Interest

Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 22,561 shares, an increase of 126.3% from the April 30th total of 9,969 shares. Approximately 1.0% of the company’s shares are short sold. Based on an average trading volume of 21,652 shares, the short-interest ratio is presently 1.0 days.

Simplify US Equity PLUS Convexity ETF Price Performance

SPYC traded up $0.18 on Monday, reaching $46.28. 3,978 shares of the company traded hands, compared to its average volume of 9,802. The stock’s 50 day moving average price is $42.83 and its 200-day moving average price is $42.65. Simplify US Equity PLUS Convexity ETF has a 52-week low of $38.50 and a 52-week high of $46.39. The company has a market cap of $106.44 million, a price-to-earnings ratio of 26.87 and a beta of 0.99.

Institutional Trading of Simplify US Equity PLUS Convexity ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in shares of Simplify US Equity PLUS Convexity ETF in the second quarter worth $48,000. Osaic Holdings Inc. acquired a new stake in shares of Simplify US Equity PLUS Convexity ETF in the second quarter worth $67,000. Kingdom Financial Group LLC. acquired a new stake in shares of Simplify US Equity PLUS Convexity ETF in the fourth quarter worth $79,000. Aptus Capital Advisors LLC lifted its stake in shares of Simplify US Equity PLUS Convexity ETF by 52.0% in the fourth quarter. Aptus Capital Advisors LLC now owns 2,553 shares of the company’s stock worth $109,000 after buying an additional 873 shares during the last quarter. Finally, Modern Wealth Management LLC acquired a new stake in shares of Simplify US Equity PLUS Convexity ETF in the second quarter worth $230,000.

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.