Simplify Currency Strategy ETF (NYSEARCA:FOXY) Sees Significant Growth in Short Interest

Simplify Currency Strategy ETF (NYSEARCA:FOXY) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 18,526 shares, an increase of 100.5% from the July 30th total of 9,239 shares. Based on an average trading volume of 66,877 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

Simplify Currency Strategy ETF Stock Performance

Shares of FOXY stock traded down $0.13 on Friday, hitting $27.12. The stock had a trading volume of 88,217 shares, compared to its average volume of 69,570. The business has a 50 day moving average of $28.72 and a 200 day moving average of $29.17. Simplify Currency Strategy ETF has a 12-month low of $26.84 and a 12-month high of $32.20.

Institutional Investors Weigh In On Simplify Currency Strategy ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new position in shares of Simplify Currency Strategy ETF during the 1st quarter worth approximately $560,000. BNP Paribas Financial Markets bought a new position in shares of Simplify Currency Strategy ETF in the third quarter valued at approximately $3,446,000. Bank of America Corp DE increased its position in shares of Simplify Currency Strategy ETF by 2.0% during the third quarter. Bank of America Corp DE now owns 51,000 shares of the company’s stock valued at $1,406,000 after acquiring an additional 1,000 shares during the last quarter. CWM LLC increased its position in shares of Simplify Currency Strategy ETF by 1,446.6% during the fourth quarter. CWM LLC now owns 8,290 shares of the company’s stock valued at $226,000 after acquiring an additional 7,754 shares during the last quarter. Finally, Kestra Private Wealth Services LLC bought a new stake in Simplify Currency Strategy ETF during the fourth quarter worth $208,000.

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.