Simplify Hedged Equity ETF (NYSEARCA:HEQT) Short Interest Up 347.3% in June

Simplify Hedged Equity ETF (NYSEARCA:HEQT) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 22,027 shares, a growth of 347.3% from the June 15th total of 4,924 shares. Based on an average daily trading volume, of 66,509 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Private Advisor Group LLC boosted its holdings in Simplify Hedged Equity ETF by 466.8% in the fourth quarter. Private Advisor Group LLC now owns 1,120,557 shares of the company’s stock valued at $35,914,000 after purchasing an additional 922,843 shares during the last quarter. Keudell Morrison Wealth Management purchased a new stake in Simplify Hedged Equity ETF during the 4th quarter worth approximately $16,574,000. Leo Wealth LLC acquired a new position in shares of Simplify Hedged Equity ETF in the 4th quarter valued at approximately $10,625,000. Kovack Advisors Inc. acquired a new position in shares of Simplify Hedged Equity ETF in the 4th quarter valued at approximately $6,298,000. Finally, TSG Advice Partners LLC purchased a new position in shares of Simplify Hedged Equity ETF during the 1st quarter valued at approximately $5,848,000.

Simplify Hedged Equity ETF Price Performance

NYSEARCA:HEQT opened at $33.65 on Tuesday. The firm has a 50-day moving average of $33.36 and a two-hundred day moving average of $32.60. The stock has a market cap of $299.49 million, a P/E ratio of 25.09 and a beta of 0.47. Simplify Hedged Equity ETF has a 1-year low of $30.14 and a 1-year high of $33.77.

Simplify Hedged Equity ETF Company Profile

The Simplify Hedged Equity ETF (HEQT) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks capital appreciation by investing in ETFs that track the S&P 500 Index, while employing an options collar strategy. Each collar consists of an approximately 5% to 20% out-of-the-money put-spread. HEQT was launched on Nov 1, 2021 and is managed by Simplify.