Simplify Currency Strategy ETF (NYSEARCA:FOXY) Short Interest Down 62.2% in August

Simplify Currency Strategy ETF (NYSEARCA:FOXY) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 7,003 shares, a drop of 62.2% from the August 15th total of 18,526 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 87,217 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Howard Bailey Securities LLC purchased a new position in shares of Simplify Currency Strategy ETF in the fourth quarter valued at $1,741,000. Bank of America Corp DE lifted its holdings in Simplify Currency Strategy ETF by 441.2% during the 1st quarter. Bank of America Corp DE now owns 276,000 shares of the company’s stock worth $8,070,000 after purchasing an additional 225,000 shares in the last quarter. Elevated Capital Advisors LLC purchased a new stake in Simplify Currency Strategy ETF during the 1st quarter worth about $7,132,000. BNP Paribas Financial Markets grew its holdings in Simplify Currency Strategy ETF by 100.0% during the 4th quarter. BNP Paribas Financial Markets now owns 250,000 shares of the company’s stock valued at $6,802,000 after buying an additional 125,000 shares in the last quarter. Finally, Gradient Investments LLC purchased a new position in Simplify Currency Strategy ETF during the 2nd quarter valued at about $35,355,000.

Simplify Currency Strategy ETF Price Performance

Shares of FOXY remained flat at $27.67 during trading hours on Friday. 38,640 shares of the stock traded hands, compared to its average volume of 69,104. The company has a 50-day moving average price of $28.32 and a 200 day moving average price of $29.04. Simplify Currency Strategy ETF has a 52-week low of $26.84 and a 52-week high of $32.20.

Simplify Currency Strategy ETF Company Profile

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.