Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) Sees Significant Decrease in Short Interest

Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) saw a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 12,656 shares, a drop of 22.3% from the December 15th total of 16,286 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 22,031 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily trading volume, of 22,031 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.4% of the company’s shares are sold short.

Simplify US Equity PLUS Downside Convexity ETF Stock Performance

SPD stock traded up $0.03 during mid-day trading on Friday, reaching $39.68. 22,990 shares of the stock traded hands, compared to its average volume of 20,499. Simplify US Equity PLUS Downside Convexity ETF has a one year low of $29.54 and a one year high of $41.20. The stock has a market capitalization of $117.85 million, a PE ratio of 28.26 and a beta of 0.74. The business has a 50-day moving average price of $39.49 and a two-hundred day moving average price of $39.02.

Institutional Trading of Simplify US Equity PLUS Downside Convexity ETF

Institutional investors have recently added to or reduced their stakes in the company. Transce3nd LLC purchased a new position in shares of Simplify US Equity PLUS Downside Convexity ETF during the second quarter valued at approximately $30,000. Great Lakes Retirement Inc. purchased a new stake in shares of Simplify US Equity PLUS Downside Convexity ETF in the third quarter worth approximately $207,000. Osaic Holdings Inc. lifted its stake in shares of Simplify US Equity PLUS Downside Convexity ETF by 21.8% during the 2nd quarter. Osaic Holdings Inc. now owns 7,218 shares of the company’s stock worth $265,000 after acquiring an additional 1,291 shares during the last quarter. LifeWealth Investments LLC purchased a new position in Simplify US Equity PLUS Downside Convexity ETF during the 2nd quarter valued at $416,000. Finally, Susquehanna International Group LLP bought a new position in Simplify US Equity PLUS Downside Convexity ETF in the 3rd quarter valued at $456,000.

About Simplify US Equity PLUS Downside Convexity ETF

The Simplify US Equity PLUS Downside Convexity ETF (SPD) 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 US large-cap stocks while applying a downside options overlay strategy. SPD was launched on Sep 3, 2020 and is managed by Simplify.