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 in the month of June. As of June 30th, there was short interest totaling 684 shares, a decline of 80.9% from the June 15th total of 3,590 shares. Based on an average trading volume of 7,974 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Simplify U.S. Equity PLUS GBTC ETF Price Performance

Simplify U.S. Equity PLUS GBTC ETF stock traded up $0.30 during midday trading on Friday, reaching $48.08. 21,640 shares of the company traded hands, compared to its average volume of 6,991. The firm has a market capitalization of $44.72 million, a price-to-earnings ratio of 126.54 and a beta of 1.22. The business has a 50 day moving average of $47.58 and a two-hundred day moving average of $45.38. Simplify U.S. Equity PLUS GBTC ETF has a 12 month low of $40.29 and a 12 month high of $48.72.

Simplify U.S. Equity PLUS GBTC ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, June 25th. 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 currently 105.26%.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Worth Asset Management LLC bought a new stake in Simplify U.S. Equity PLUS GBTC ETF during the 2nd quarter valued at approximately $396,000. NewEdge Advisors LLC boosted its stake in Simplify U.S. Equity PLUS GBTC ETF by 14.5% during the first quarter. NewEdge Advisors LLC now owns 14,259 shares of the company’s stock valued at $593,000 after buying an additional 1,811 shares during the last quarter. Private Advisor Group LLC boosted 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 valued at $2,379,000 after buying an additional 498 shares during the last quarter. ARQ Wealth Advisors LLC grew 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 valued at $325,000 after buying an additional 803 shares in the last quarter. Finally, Susquehanna International Group LLP purchased a new stake in Simplify U.S. Equity PLUS GBTC ETF during the third quarter valued at $1,044,000. 31.71% of the stock is owned by 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.