Simplify Currency Strategy ETF (NYSEARCA:FOXY – Get Free Report) was the target of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 115,371 shares, an increase of 85.8% from the February 26th total of 62,110 shares. Currently, 4.6% of the shares of the company are sold short. Based on an average trading volume of 58,698 shares, the short-interest ratio is currently 2.0 days.
Hedge Funds Weigh In On Simplify Currency Strategy ETF
Several institutional investors and hedge funds have recently bought and sold shares of the company. Beacon Capital Management LLC purchased a new stake in Simplify Currency Strategy ETF in the fourth quarter worth $1,634,000. Howard Bailey Securities LLC purchased a new position in shares of Simplify Currency Strategy ETF during the 4th quarter valued at $1,741,000. BNP Paribas Financial Markets lifted its position in shares of 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 during the last quarter. Lloyd Advisory Services LLC. bought a new position in shares of Simplify Currency Strategy ETF during the 4th quarter worth $231,000. Finally, Blackston Financial Advisory Group LLC bought a new position in shares of Simplify Currency Strategy ETF during the 4th quarter worth $670,000.
Simplify Currency Strategy ETF Stock Down 0.8%
Shares of Simplify Currency Strategy ETF stock traded down $0.25 on Thursday, reaching $29.75. 16,831 shares of the company traded hands, compared to its average volume of 51,535. Simplify Currency Strategy ETF has a 52 week low of $23.08 and a 52 week high of $31.57. The company has a 50 day moving average of $29.23 and a 200 day moving average of $28.31.
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.
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