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

Simplify Currency Strategy ETF (NYSEARCA:FOXY) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 43,481 shares, a growth of 1,149.5% from the December 15th total of 3,480 shares. Approximately 2.1% of the company’s shares are short sold. Based on an average daily volume of 21,183 shares, the short-interest ratio is currently 2.1 days. Based on an average daily volume of 21,183 shares, the short-interest ratio is currently 2.1 days. Approximately 2.1% of the company’s shares are short sold.

Simplify Currency Strategy ETF Price Performance

NYSEARCA FOXY opened at $27.32 on Tuesday. The business’s 50 day moving average price is $27.96 and its 200-day moving average price is $27.33. Simplify Currency Strategy ETF has a fifty-two week low of $23.08 and a fifty-two week high of $31.19.

Institutional Investors Weigh In On Simplify Currency Strategy ETF

Several hedge funds and other institutional investors have recently made changes to their positions in FOXY. Bank of America Corp DE boosted its stake in shares of Simplify Currency Strategy ETF by 2.0% during the 3rd quarter. Bank of America Corp DE now owns 51,000 shares of the company’s stock worth $1,406,000 after purchasing an additional 1,000 shares during the period. CreativeOne Wealth LLC purchased a new position in shares of Simplify Currency Strategy ETF during the second quarter valued at approximately $297,000. Pekin Hardy Strauss Inc. purchased a new position in shares of Simplify Currency Strategy ETF during the third quarter valued at approximately $357,000. Jane Street Group LLC bought a new position in shares of Simplify Currency Strategy ETF during the first quarter valued at approximately $560,000. Finally, Simplify Asset Management Inc. raised its holdings in shares of Simplify Currency Strategy ETF by 16.4% in the third quarter. Simplify Asset Management Inc. now owns 337,443 shares of the company’s stock worth $9,303,000 after buying an additional 47,500 shares during the period.

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.