Short Interest in Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) Drops By 80.9%

Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 684 shares, a drop of 80.9% from the June 15th total of 3,590 shares. Based on an average daily volume of 7,974 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Trading of Simplify U.S. Equity PLUS GBTC ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. SFG Wealth Management LLC. acquired a new stake in shares of Simplify U.S. Equity PLUS GBTC ETF during the 3rd quarter worth approximately $4,452,000. WJ Wealth Management LLC bought a new stake in Simplify U.S. Equity PLUS GBTC ETF during the third quarter worth $2,760,000. Susquehanna International Group LLP bought a new stake in Simplify U.S. Equity PLUS GBTC ETF during the third quarter worth $1,044,000. Worth Asset Management LLC bought a new stake in Simplify U.S. Equity PLUS GBTC ETF during the second quarter worth $396,000. Finally, NewEdge Advisors LLC boosted its holdings in shares of Simplify U.S. Equity PLUS GBTC ETF by 630.1% in the 3rd quarter. NewEdge Advisors LLC now owns 9,418 shares of the company’s stock valued at $422,000 after purchasing an additional 8,128 shares in the last quarter. Institutional investors own 31.71% of the company’s stock.

Simplify U.S. Equity PLUS GBTC ETF Price Performance

SPBC stock traded down $0.53 during midday trading on Monday, reaching $47.53. The company had a trading volume of 9,256 shares, compared to its average volume of 7,008. Simplify U.S. Equity PLUS GBTC ETF has a 1-year low of $40.29 and a 1-year high of $48.72. The stock has a 50 day moving average price of $47.61 and a 200-day moving average price of $45.40. The company has a market capitalization of $44.21 million, a price-to-earnings ratio of 125.09 and a beta of 1.22.

Simplify U.S. Equity PLUS GBTC ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, June 25th. Simplify U.S. Equity PLUS GBTC ETF’s dividend payout ratio (DPR) is currently 105.26%.

About Simplify U.S. Equity PLUS GBTC ETF

SP Bancorp, Inc is a non-diversified savings and loan holding company for SharePlus Federal Bank (the Bank). The Bank is a federally chartered savings bank. The Bank provides financial services to individuals, families and businesses through its six banking offices. The Bank’s business consists primarily of taking deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in mortgage loans secured by residential real estate, home equity loans and lines of credit, commercial real estate loans, consumer loans (consisting primarily of automobile loans) and commercial business loans.