Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) Short Interest Update

Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) was the target of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 13,444 shares, a growth of 183.9% from the February 12th total of 4,735 shares. Based on an average daily volume of 8,242 shares, the short-interest ratio is currently 1.6 days. Currently, 0.5% of the company’s shares are sold short. Currently, 0.5% of the company’s shares are sold short. Based on an average daily volume of 8,242 shares, the short-interest ratio is currently 1.6 days.

Simplify US Equity PLUS Downside Convexity ETF Stock Down 0.6%

SPD traded down $0.21 during trading on Wednesday, hitting $37.91. The company’s stock had a trading volume of 6,700 shares, compared to its average volume of 17,472. Simplify US Equity PLUS Downside Convexity ETF has a twelve month low of $29.54 and a twelve month high of $41.20. The stock’s fifty day moving average price is $39.18 and its 200-day moving average price is $39.28. The firm has a market capitalization of $112.59 million, a P/E ratio of 28.26 and a beta of 0.74.

Institutional Trading of Simplify US Equity PLUS Downside Convexity ETF

Hedge funds have recently modified their holdings of the stock. LPL Financial LLC boosted its stake in Simplify US Equity PLUS Downside Convexity ETF by 856.0% during the fourth quarter. LPL Financial LLC now owns 384,800 shares of the company’s stock worth $15,107,000 after acquiring an additional 344,548 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in Simplify US Equity PLUS Downside Convexity ETF by 70.5% in the third quarter. Commonwealth Equity Services LLC now owns 245,555 shares of the company’s stock valued at $9,702,000 after purchasing an additional 101,573 shares in the last quarter. Evolution Wealth Management Inc. acquired a new position in shares of Simplify US Equity PLUS Downside Convexity ETF during the second quarter valued at about $3,602,000. CWM LLC boosted its position in shares of Simplify US Equity PLUS Downside Convexity ETF by 3,528.9% during the 3rd quarter. CWM LLC now owns 30,483 shares of the company’s stock worth $1,204,000 after purchasing an additional 29,643 shares in the last quarter. Finally, Ironsides Asset Advisors LLC boosted its position in shares of Simplify US Equity PLUS Downside Convexity ETF by 21.9% during the 4th quarter. Ironsides Asset Advisors LLC now owns 104,611 shares of the company’s stock worth $4,107,000 after purchasing an additional 18,772 shares in the last quarter.

Simplify US Equity PLUS Downside Convexity ETF Company Profile

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.