Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) Short Interest Down 49.1% in June

Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 14,202 shares, a decrease of 49.1% from the June 15th total of 27,927 shares. Based on an average daily trading volume, of 9,754 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.6% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SPYC. Austin Wealth Management LLC raised its stake in shares of Simplify US Equity PLUS Convexity ETF by 5.9% during the fourth quarter. Austin Wealth Management LLC now owns 904,781 shares of the company’s stock valued at $39,113,000 after purchasing an additional 50,063 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in Simplify US Equity PLUS Convexity ETF by 29.3% in the 4th quarter. Integrated Wealth Concepts LLC now owns 323,898 shares of the company’s stock valued at $13,845,000 after buying an additional 73,490 shares in the last quarter. AE Wealth Management LLC grew its position in Simplify US Equity PLUS Convexity ETF by 11.6% in the 4th quarter. AE Wealth Management LLC now owns 129,251 shares of the company’s stock valued at $5,525,000 after buying an additional 13,432 shares in the last quarter. Evolution Wealth Management Inc. increased its stake in Simplify US Equity PLUS Convexity ETF by 37.0% during the 1st quarter. Evolution Wealth Management Inc. now owns 102,699 shares of the company’s stock valued at $4,054,000 after buying an additional 27,738 shares during the period. Finally, Lloyd Advisory Services LLC. increased its stake in Simplify US Equity PLUS Convexity ETF by 6.5% during the 4th quarter. Lloyd Advisory Services LLC. now owns 40,423 shares of the company’s stock valued at $1,728,000 after buying an additional 2,460 shares during the period.

Simplify US Equity PLUS Convexity ETF Trading Down 0.8%

SPYC traded down $0.37 during trading hours on Thursday, hitting $45.61. The company’s stock had a trading volume of 2,973 shares, compared to its average volume of 9,521. The company has a 50-day simple moving average of $45.39 and a 200 day simple moving average of $43.24. The firm has a market capitalization of $111.74 million, a PE ratio of 26.87 and a beta of 0.99. Simplify US Equity PLUS Convexity ETF has a fifty-two week low of $38.50 and a fifty-two week high of $46.58.

About Simplify US Equity PLUS Convexity ETF

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.