Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) Short Interest Update

Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 617 shares, a decline of 69.6% from the April 15th total of 2,027 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 7,793 shares, the days-to-cover ratio is currently 0.1 days.

Simplify U.S. Equity PLUS GBTC ETF Price Performance

Shares of SPBC stock opened at $47.99 on Wednesday. The firm’s 50-day moving average is $44.05 and its two-hundred day moving average is $44.53. Simplify U.S. Equity PLUS GBTC ETF has a 12 month low of $38.81 and a 12 month high of $48.19. The company has a market capitalization of $44.63 million, a PE ratio of 126.30 and a beta of 1.22.

Simplify U.S. Equity PLUS GBTC ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.40 dividend on an annualized basis and a yield of 0.8%. Simplify U.S. Equity PLUS GBTC ETF’s payout ratio is 105.26%.

Hedge Funds Weigh In On Simplify U.S. Equity PLUS GBTC ETF

A number of institutional investors have recently bought and sold shares of the company. Private Advisor Group LLC raised its stake in Simplify U.S. Equity PLUS GBTC ETF by 0.9% during the first quarter. Private Advisor Group LLC now owns 57,214 shares of the company’s stock worth $2,379,000 after purchasing an additional 498 shares during the period. NewEdge Advisors LLC raised its stake in Simplify U.S. Equity PLUS GBTC ETF by 32.2% during the fourth quarter. NewEdge Advisors LLC now owns 12,448 shares of the company’s stock worth $557,000 after purchasing an additional 3,030 shares during the period. ARQ Wealth Advisors LLC raised its stake in Simplify U.S. Equity PLUS GBTC ETF by 12.4% during the fourth quarter. ARQ Wealth Advisors LLC now owns 7,263 shares of the company’s stock worth $325,000 after purchasing an additional 803 shares during the period. SFG Wealth Management LLC. raised its stake in Simplify U.S. Equity PLUS GBTC ETF by 1.1% during the fourth quarter. SFG Wealth Management LLC. now owns 100,401 shares of the company’s stock worth $4,490,000 after purchasing an additional 1,132 shares during the period. Finally, Total Clarity Wealth Management Inc. raised its stake in Simplify U.S. Equity PLUS GBTC ETF by 19.7% during the fourth quarter. Total Clarity Wealth Management Inc. now owns 48,480 shares of the company’s stock worth $2,168,000 after purchasing an additional 7,962 shares during the period. 31.71% of the stock is owned by hedge funds and other institutional investors.

About Simplify U.S. Equity PLUS GBTC ETF

SP Bancorp, Inc is a non-diversified savings and loan holding company for SharePlus Federal Bank (the Bank). The Bank is a federally chartered savings bank. The Bank provides financial services to individuals, families and businesses through its six banking offices. The Bank’s business consists primarily of taking deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in mortgage loans secured by residential real estate, home equity loans and lines of credit, commercial real estate loans, consumer loans (consisting primarily of automobile loans) and commercial business loans.