Simplify Hedged Equity ETF (NYSEARCA:HEQT) Sees Large Growth in Short Interest

Simplify Hedged Equity ETF (NYSEARCA:HEQT) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 39,578 shares, an increase of 79.7% from the June 30th total of 22,027 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 70,475 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On Simplify Hedged Equity ETF

A number of large investors have recently modified their holdings of HEQT. US Bancorp DE bought a new stake in shares of Simplify Hedged Equity ETF in the 3rd quarter worth $42,000. Kestra Advisory Services LLC bought a new stake in Simplify Hedged Equity ETF in the 4th quarter worth about $50,000. Advisors Preferred LLC bought a new stake in Simplify Hedged Equity ETF in the 4th quarter worth about $112,000. JPMorgan Chase & Co. increased its stake in Simplify Hedged Equity ETF by 26.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,339 shares of the company’s stock valued at $136,000 after buying an additional 921 shares during the last quarter. Finally, Chatterton & Associates Inc. bought a new position in shares of Simplify Hedged Equity ETF during the 4th quarter worth approximately $222,000.

Simplify Hedged Equity ETF Trading Up 0.5%

HEQT stock traded up $0.16 during midday trading on Friday, hitting $33.68. The stock had a trading volume of 10,589 shares, compared to its average volume of 76,056. The firm has a market cap of $297.06 million, a P/E ratio of 25.09 and a beta of 0.47. The business has a fifty day moving average price of $33.46 and a two-hundred day moving average price of $32.72. Simplify Hedged Equity ETF has a 1-year low of $30.16 and a 1-year high of $33.79.

About Simplify Hedged Equity ETF

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.