Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) Sees Large Drop in Short Interest

Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) saw a significant drop in short interest in June. As of June 30th, there was short interest totaling 14,202 shares, a drop of 49.1% from the June 15th total of 27,927 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average trading volume of 9,754 shares, the days-to-cover ratio is currently 1.5 days.

Simplify US Equity PLUS Convexity ETF Price Performance

NYSEARCA:SPYC traded down $0.55 during trading hours on Friday, reaching $45.06. The company had a trading volume of 3,222 shares, compared to its average volume of 9,474. Simplify US Equity PLUS Convexity ETF has a 1-year low of $38.50 and a 1-year high of $46.58. The business’s 50 day moving average price is $45.41 and its 200-day moving average price is $43.25. The firm has a market cap of $110.40 million, a PE ratio of 26.87 and a beta of 0.99.

Hedge Funds Weigh In On Simplify US Equity PLUS Convexity ETF

Large investors have recently made changes to their positions in the company. AE Wealth Management LLC boosted its holdings in Simplify US Equity PLUS Convexity ETF by 11.6% during the fourth quarter. AE Wealth Management LLC now owns 129,251 shares of the company’s stock worth $5,525,000 after buying an additional 13,432 shares in the last quarter. Austin Wealth Management LLC raised its position in shares of Simplify US Equity PLUS Convexity ETF by 5.9% in the fourth quarter. Austin Wealth Management LLC now owns 904,781 shares of the company’s stock worth $39,113,000 after acquiring an additional 50,063 shares during the period. Evolution Wealth Management Inc. raised its position in shares of Simplify US Equity PLUS Convexity ETF by 37.0% in the first quarter. Evolution Wealth Management Inc. now owns 102,699 shares of the company’s stock worth $4,054,000 after acquiring an additional 27,738 shares during the period. Elevated Capital Advisors LLC acquired a new position in shares of Simplify US Equity PLUS Convexity ETF in the first quarter worth about $509,000. Finally, Integrated Wealth Concepts LLC boosted its stake in shares of Simplify US Equity PLUS Convexity ETF by 8.9% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 250,408 shares of the company’s stock worth $10,732,000 after acquiring an additional 20,567 shares in the last quarter.

Simplify US Equity PLUS Convexity ETF Company Profile

The Simplify US Equity PLUS Convexity ETF (SPYC) 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 the S&P 500 with a systematic options overlay strategy. The overlay strategy seeks to enhance upside potential and hedge downside risk. SPYC was launched on Sep 3, 2020 and is managed by Simplify.