Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) Short Interest Down 61.4% in August

Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) was the target of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 7,171 shares, a decrease of 61.4% from the July 30th total of 18,558 shares. Based on an average daily volume of 19,449 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On Simplify US Equity PLUS Convexity ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in Simplify US Equity PLUS Convexity ETF in the second quarter valued at about $48,000. Modern Wealth Management LLC bought a new position in shares of Simplify US Equity PLUS Convexity ETF in the 2nd quarter valued at about $230,000. Osaic Holdings Inc. bought a new position in shares of Simplify US Equity PLUS Convexity ETF in the 2nd quarter valued at about $67,000. Susquehanna International Group LLP lifted its holdings in Simplify US Equity PLUS Convexity ETF by 16.3% in the third quarter. Susquehanna International Group LLP now owns 6,803 shares of the company’s stock valued at $292,000 after buying an additional 951 shares during the period. Finally, Kingdom Financial Group LLC. bought a new position in Simplify US Equity PLUS Convexity ETF in the fourth quarter valued at approximately $79,000.

Simplify US Equity PLUS Convexity ETF Trading Down 0.4%

Shares of Simplify US Equity PLUS Convexity ETF stock traded down $0.19 during midday trading on Friday, reaching $46.81. The company had a trading volume of 4,625 shares, compared to its average volume of 9,786. The stock has a fifty day simple moving average of $45.99 and a 200 day simple moving average of $43.97. Simplify US Equity PLUS Convexity ETF has a 1-year low of $38.50 and a 1-year high of $48.96. The company has a market capitalization of $115.62 million, a price-to-earnings ratio of 26.87 and a beta of 0.99.

Simplify US Equity PLUS Convexity ETF Company Profile

The Simplify US Equity PLUS Convexity ETF (SPYC) 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 the S&P 500 with a systematic options overlay strategy. The overlay strategy seeks to enhance upside potential and hedge downside risk. SPYC was launched on Sep 3, 2020 and is managed by Simplify.