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

Simplify Currency Strategy ETF (NYSEARCA:FOXY) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 7,544 shares, a decline of 82.6% from the December 31st total of 43,481 shares. Based on an average trading volume of 18,421 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.4% of the shares of the company are sold short. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 18,421 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On Simplify Currency Strategy ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sound Income Strategies LLC purchased a new stake in shares of Simplify Currency Strategy ETF in the fourth quarter worth about $26,000. Decker Retirement Planning Inc. purchased a new stake in Simplify Currency Strategy ETF in the 4th quarter worth approximately $189,000. Kestra Private Wealth Services LLC bought a new position in Simplify Currency Strategy ETF in the 4th quarter valued at $208,000. CWM LLC grew its position in shares of Simplify Currency Strategy ETF by 1,446.6% during the 4th quarter. CWM LLC now owns 8,290 shares of the company’s stock valued at $226,000 after purchasing an additional 7,754 shares in the last quarter. Finally, CreativeOne Wealth LLC purchased a new position in shares of Simplify Currency Strategy ETF during the 2nd quarter valued at $297,000.

Simplify Currency Strategy ETF Price Performance

Shares of Simplify Currency Strategy ETF stock traded up $0.04 during trading hours on Thursday, reaching $28.30. The company had a trading volume of 37,164 shares, compared to its average volume of 27,798. Simplify Currency Strategy ETF has a one year low of $23.08 and a one year high of $31.19. The business has a fifty day simple moving average of $27.88 and a 200 day simple moving average of $27.46.

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.