Simplify Multi-QIS Alternative ETF (NYSEARCA:QIS – Get Free Report) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 5,283 shares, a decrease of 44.9% from the July 15th total of 9,582 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 677 shares, the days-to-cover ratio is presently 7.8 days.
Institutional Investors Weigh In On Simplify Multi-QIS Alternative ETF
Several hedge funds have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC bought a new position in Simplify Multi-QIS Alternative ETF during the fourth quarter worth $77,000. Jane Street Group LLC acquired a new stake in Simplify Multi-QIS Alternative ETF during the 4th quarter worth about $225,000. Finally, Envestnet Asset Management Inc. grew its stake in Simplify Multi-QIS Alternative ETF by 4.9% during the third quarter. Envestnet Asset Management Inc. now owns 29,651 shares of the company’s stock worth $568,000 after purchasing an additional 1,382 shares during the period.
Simplify Multi-QIS Alternative ETF Stock Performance
Simplify Multi-QIS Alternative ETF stock traded up $0.46 during mid-day trading on Tuesday, reaching $10.78. The company had a trading volume of 42 shares, compared to its average volume of 2,414. Simplify Multi-QIS Alternative ETF has a fifty-two week low of $9.14 and a fifty-two week high of $20.88. The business has a fifty day simple moving average of $10.17 and a 200 day simple moving average of $12.15.
About Simplify Multi-QIS Alternative ETF
The Simplify Multi-QIS Alternative ETF (QIS) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund aims to provide positive absolute returns and income using quantitative investment strategies to invest across equities, interest rates, commodities, and currencies through total return swaps. QIS was launched on Jul 10, 2023 and is issued by Simplify.
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