Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) Sees Large Decline in Short Interest

Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 229 shares, a decrease of 71.2% from the September 30th total of 796 shares. Based on an average daily trading volume, of 6,032 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Simplify U.S. Equity PLUS GBTC ETF Stock Up 0.7%

NASDAQ SPBC opened at $50.35 on Wednesday. Simplify U.S. Equity PLUS GBTC ETF has a 52 week low of $40.29 and a 52 week high of $51.50. The firm has a 50 day moving average of $50.18 and a two-hundred day moving average of $46.93. The stock has a market capitalization of $42.80 million, a PE ratio of 132.50 and a beta of 1.22.

Simplify U.S. Equity PLUS GBTC ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Friday, September 25th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, September 25th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.8%. Simplify U.S. Equity PLUS GBTC ETF’s payout ratio is presently 105.26%.

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

Several large investors have recently bought and sold shares of the business. Professional Financial Advisors LLC raised its stake in Simplify U.S. Equity PLUS GBTC ETF by 2.9% in the second quarter. Professional Financial Advisors LLC now owns 130,926 shares of the company’s stock valued at $6,179,000 after buying an additional 3,742 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of Simplify U.S. Equity PLUS GBTC ETF by 0.9% during the 1st quarter. Private Advisor Group LLC now owns 57,214 shares of the company’s stock worth $2,379,000 after acquiring an additional 498 shares in the last quarter. SFG Wealth Management LLC. increased its holdings in shares of Simplify U.S. Equity PLUS GBTC ETF by 0.9% in the 3rd quarter. SFG Wealth Management LLC. now owns 29,696 shares of the company’s stock valued at $1,488,000 after acquiring an additional 271 shares during the last quarter. Total Clarity Wealth Management Inc. increased its holdings in shares of Simplify U.S. Equity PLUS GBTC ETF by 1.8% in the 3rd quarter. Total Clarity Wealth Management Inc. now owns 23,504 shares of the company’s stock valued at $1,177,000 after acquiring an additional 418 shares during the last quarter. Finally, Worth Asset Management LLC increased its holdings in shares of Simplify U.S. Equity PLUS GBTC ETF by 68.6% in the 3rd quarter. Worth Asset Management LLC now owns 14,158 shares of the company’s stock valued at $709,000 after acquiring an additional 5,761 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.