Short Interest in Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) Grows By 166.5%

Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 1,644 shares, a growth of 166.5% from the April 30th total of 617 shares. Based on an average trading volume of 2,044 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.2% of the company’s shares are sold short.

Simplify U.S. Equity PLUS GBTC ETF Stock Up 0.4%

Simplify U.S. Equity PLUS GBTC ETF stock traded up $0.20 during midday trading on Friday, hitting $48.76. 1,270 shares of the stock were exchanged, compared to its average volume of 7,154. The company has a fifty day simple moving average of $45.33 and a two-hundred day simple moving average of $44.79. Simplify U.S. Equity PLUS GBTC ETF has a 52 week low of $39.20 and a 52 week high of $48.72. The stock has a market capitalization of $45.10 million, a PE ratio of 128.32 and a beta of 1.22.

Simplify U.S. Equity PLUS GBTC ETF Announces Dividend

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

Institutional Trading of Simplify U.S. Equity PLUS GBTC ETF

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

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.