Short Interest in Simplify Currency Strategy ETF (NYSEARCA:FOXY) Drops By 95.4%

Simplify Currency Strategy ETF (NYSEARCA:FOXY) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 9,239 shares, a decrease of 95.4% from the July 15th total of 203,025 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 88,396 shares, the days-to-cover ratio is currently 0.1 days.

Simplify Currency Strategy ETF Trading Up 0.1%

Shares of Simplify Currency Strategy ETF stock traded up $0.03 during trading on Wednesday, hitting $28.13. 27,079 shares of the company were exchanged, compared to its average volume of 67,675. Simplify Currency Strategy ETF has a fifty-two week low of $26.40 and a fifty-two week high of $32.20. The firm has a 50 day moving average price of $29.09 and a 200 day moving average price of $29.23.

Hedge Funds Weigh In On Simplify Currency Strategy ETF

A number of institutional investors have recently made changes to their positions in the stock. Sound Income Strategies LLC purchased a new stake in Simplify Currency Strategy ETF during the 4th quarter worth about $26,000. Decker Retirement Planning Inc. acquired a new stake in shares of Simplify Currency Strategy ETF during the 4th quarter worth about $189,000. Kestra Private Wealth Services LLC purchased a new stake in shares of Simplify Currency Strategy ETF during the fourth quarter worth about $208,000. CWM LLC raised its position in shares of Simplify Currency Strategy ETF by 1,446.6% in the fourth quarter. CWM LLC now owns 8,290 shares of the company’s stock valued at $226,000 after buying an additional 7,754 shares during the last quarter. Finally, Lloyd Advisory Services LLC. acquired a new position in shares of Simplify Currency Strategy ETF in the fourth quarter valued at approximately $231,000.

About Simplify Currency Strategy ETF

The Simplify Currency Strategy ETF (FOXY) is an exchange-traded fund that mostly invests in long global basket, short usd currency. The fund is an actively managed fund with long and short exposures in foreign currencies through forward contracts and swaps, as well as futures contracts. It employs a combination of mean-reversion strategy for G10 currencies and a carry strategy for emerging market currencies. FOXY was launched on Feb 3, 2025 and is issued by Simplify.