Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) Shares Shorted: Short Interest Down 75.8% in October

Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) saw a significant drop in short interest in October. As of October 30th, there was short interest totaling 864 shares, a drop of 75.8% from the October 15th total of 3,566 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 27,398 shares, the days-to-cover ratio is presently 0.0 days.

Simplify US Equity PLUS Convexity ETF Stock Up 1.4%

Shares of SPYC stock opened at $44.34 on Thursday. Simplify US Equity PLUS Convexity ETF has a 12-month low of $38.50 and a 12-month high of $48.96. The firm has a fifty day moving average of $45.57 and a 200-day moving average of $44.35. The firm has a market capitalization of $68.73 million, a price-to-earnings ratio of 26.87 and a beta of 0.98.

Hedge Funds Weigh In On Simplify US Equity PLUS Convexity ETF

Several institutional investors have recently modified their holdings of the business. Commonwealth Equity Services LLC acquired a new position in shares of Simplify US Equity PLUS Convexity ETF in the 3rd quarter valued at approximately $12,653,000. Envestnet Asset Management Inc. acquired a new stake in Simplify US Equity PLUS Convexity ETF during the 2nd quarter worth approximately $347,000. Integrated Wealth Concepts LLC raised its holdings in Simplify US Equity PLUS Convexity ETF by 11.5% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 326,608 shares of the company’s stock worth $14,920,000 after buying an additional 33,569 shares during the period. Finally, Montgomery Financial Services LLC bought a new position in Simplify US Equity PLUS Convexity ETF in the second quarter valued at approximately $60,000.

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.