Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) Short Interest Update

Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,644 shares, an increase of 166.5% from the April 30th total of 617 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 2,044 shares, the days-to-cover ratio is currently 0.8 days.

Simplify U.S. Equity PLUS GBTC ETF Price Performance

Shares of SPBC traded up $0.20 during mid-day trading on Friday, reaching $48.76. 1,270 shares of the company’s stock traded hands, compared to its average volume of 7,154. The stock has a market cap of $45.35 million, a P/E ratio of 128.32 and a beta of 1.22. The stock’s 50-day moving average is $45.33 and its two-hundred day moving average is $44.79. Simplify U.S. Equity PLUS GBTC ETF has a 12 month low of $39.20 and a 12 month high of $48.72.

Simplify U.S. Equity PLUS GBTC ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a $0.10 dividend. The ex-dividend date was Thursday, March 26th. 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 dividend payout ratio is presently 105.26%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. CWM LLC grew its holdings in shares of 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 purchasing an additional 5,362 shares during the last quarter. SFG Wealth Management LLC. grew its holdings in shares of Simplify U.S. Equity PLUS GBTC ETF by 1.1% in the fourth 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 bought a new position in Simplify U.S. Equity PLUS GBTC ETF in the third quarter worth approximately $2,760,000. Private Advisor Group LLC grew its stake in Simplify U.S. Equity PLUS GBTC ETF by 0.9% in the first quarter. Private Advisor Group LLC now owns 57,214 shares of the company’s stock worth $2,379,000 after purchasing an additional 498 shares in the last quarter. Finally, Total Clarity Wealth Management Inc. grew its holdings in Simplify U.S. Equity PLUS GBTC ETF by 19.7% during the 4th quarter. Total Clarity Wealth Management Inc. now owns 48,480 shares of the company’s stock worth $2,168,000 after acquiring an additional 7,962 shares in the last quarter. 31.71% of the stock is currently owned by institutional investors.

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.