Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) Sees Large Growth in Short Interest

Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) saw a significant increase in short interest in January. As of January 30th, there was short interest totaling 7,997 shares, an increase of 33.0% from the January 15th total of 6,011 shares. Based on an average daily volume of 13,055 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.3% of the company’s stock are sold short. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 13,055 shares, the days-to-cover ratio is presently 0.6 days.

Simplify US Equity PLUS Downside Convexity ETF Price Performance

Shares of SPD stock traded up $0.02 during mid-day trading on Monday, hitting $38.66. 2,747 shares of the stock traded hands, compared to its average volume of 15,588. Simplify US Equity PLUS Downside Convexity ETF has a 52-week low of $29.54 and a 52-week high of $41.20. The stock has a market cap of $114.82 million, a P/E ratio of 28.26 and a beta of 0.74. The stock’s fifty day moving average is $39.44 and its two-hundred day moving average is $39.21.

Institutional Investors Weigh In On Simplify US Equity PLUS Downside Convexity ETF

Institutional investors have recently bought and sold shares of the company. Networth Advisors LLC purchased a new position in Simplify US Equity PLUS Downside Convexity ETF in the fourth quarter worth $27,000. Transce3nd LLC acquired a new stake in shares of Simplify US Equity PLUS Downside Convexity ETF in the 2nd quarter worth $30,000. Kingdom Financial Group LLC. purchased a new position in Simplify US Equity PLUS Downside Convexity ETF during the 4th quarter worth $83,000. Great Lakes Retirement Inc. purchased a new position in Simplify US Equity PLUS Downside Convexity ETF during the 3rd quarter worth $207,000. Finally, Osaic Holdings Inc. increased its position in Simplify US Equity PLUS Downside Convexity ETF by 21.8% during the 2nd quarter. Osaic Holdings Inc. now owns 7,218 shares of the company’s stock valued at $265,000 after buying an additional 1,291 shares in the last quarter.

About Simplify US Equity PLUS Downside Convexity ETF

The Simplify US Equity PLUS Downside Convexity ETF (SPD) 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 US large-cap stocks while applying a downside options overlay strategy. SPD was launched on Sep 3, 2020 and is managed by Simplify.