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 large growth in short interest during the month of April. As of April 15th, there was short interest totaling 6,449 shares, a growth of 72.3% from the March 31st total of 3,743 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 12,756 shares, the short-interest ratio is currently 0.5 days.

Simplify US Equity PLUS Downside Convexity ETF Stock Performance

Shares of NYSEARCA SPD remained flat at $39.61 during midday trading on Monday. The stock had a trading volume of 3,028 shares, compared to its average volume of 14,384. Simplify US Equity PLUS Downside Convexity ETF has a 1-year low of $33.94 and a 1-year high of $41.20. The company has a market cap of $107.74 million, a P/E ratio of 28.26 and a beta of 0.73. The firm has a fifty day simple moving average of $37.97 and a two-hundred day simple moving average of $38.95.

Institutional Trading of Simplify US Equity PLUS Downside Convexity ETF

Several institutional investors have recently modified their holdings of the stock. Networth Advisors LLC acquired a new stake in shares of Simplify US Equity PLUS Downside Convexity ETF during the fourth quarter worth $27,000. Kingdom Financial Group LLC. acquired a new stake in shares of Simplify US Equity PLUS Downside Convexity ETF during the 4th quarter valued at approximately $83,000. Great Lakes Retirement Inc. acquired a new stake in shares of Simplify US Equity PLUS Downside Convexity ETF during the 3rd quarter worth about $207,000. Osaic Holdings Inc. grew its holdings in shares of Simplify US Equity PLUS Downside Convexity ETF by 21.8% during the second quarter. Osaic Holdings Inc. now owns 7,218 shares of the company’s stock worth $265,000 after buying an additional 1,291 shares in the last quarter. Finally, Centennial Advisors LLC acquired a new position in shares of Simplify US Equity PLUS Downside Convexity ETF in the fourth quarter valued at approximately $324,000.

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.