Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) Short Interest Up 159.1% in July

Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 754 shares, an increase of 159.1% from the July 15th total of 291 shares. Based on an average trading volume of 7,292 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Simplify U.S. Equity PLUS GBTC ETF Stock Up 0.6%

NASDAQ:SPBC opened at $49.45 on Friday. The stock’s fifty day moving average is $47.59 and its two-hundred day moving average is $45.83. Simplify U.S. Equity PLUS GBTC ETF has a 52 week low of $40.29 and a 52 week high of $49.63. The stock has a market capitalization of $45.99 million, a price-to-earnings ratio of 130.14 and a beta of 1.22.

Simplify U.S. Equity PLUS GBTC ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend 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 is currently 105.26%.

Hedge Funds Weigh In On Simplify U.S. Equity PLUS GBTC ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. CWM LLC lifted its stake in Simplify U.S. Equity PLUS GBTC ETF by 2.0% in the fourth quarter. CWM LLC now owns 279,525 shares of the company’s stock worth $12,500,000 after acquiring an additional 5,362 shares during the last quarter. Professional Financial Advisors LLC grew its position in shares of Simplify U.S. Equity PLUS GBTC ETF by 2.9% during the second quarter. Professional Financial Advisors LLC now owns 130,926 shares of the company’s stock worth $6,179,000 after acquiring an additional 3,742 shares during the last quarter. SFG Wealth Management LLC. grew its position in Simplify U.S. Equity PLUS GBTC ETF by 1.1% during the 4th quarter. SFG Wealth Management LLC. now owns 100,401 shares of the company’s stock worth $4,490,000 after purchasing an additional 1,132 shares during the last quarter. WJ Wealth Management LLC purchased a new position in shares of Simplify U.S. Equity PLUS GBTC ETF during the third quarter worth about $2,760,000. Finally, Private Advisor Group LLC grew its stake in shares of Simplify U.S. Equity PLUS GBTC ETF by 0.9% in the 1st quarter. Private Advisor Group LLC now owns 57,214 shares of the company’s stock valued at $2,379,000 after purchasing an additional 498 shares during the last quarter. Hedge funds and other institutional investors own 31.71% of the company’s stock.

Simplify U.S. Equity PLUS GBTC ETF Company Profile

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.