Short Interest in Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) Expands By 148.1%

Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 717 shares, an increase of 148.1% from the July 15th total of 289 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 8,378 shares, the short-interest ratio is presently 0.1 days.

Simplify US Equity PLUS Downside Convexity ETF Stock Up 1.0%

Shares of SPD stock opened at $43.32 on Friday. The stock has a market capitalization of $110.47 million, a PE ratio of 28.26 and a beta of 0.75. Simplify US Equity PLUS Downside Convexity ETF has a 52-week low of $35.72 and a 52-week high of $43.93. The stock’s 50-day moving average price is $41.54 and its 200 day moving average price is $39.95.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SPD. Park Edge Advisors LLC increased its stake in Simplify US Equity PLUS Downside Convexity ETF by 2.6% in the 1st quarter. Park Edge Advisors LLC now owns 29,794 shares of the company’s stock valued at $1,084,000 after purchasing an additional 763 shares in the last quarter. Osaic Holdings Inc. increased its position in shares of Simplify US Equity PLUS Downside Convexity ETF by 21.8% in the second quarter. Osaic Holdings Inc. now owns 7,218 shares of the company’s stock valued at $265,000 after buying an additional 1,291 shares in the last quarter. Kingdom Financial Group LLC. purchased a new position in shares of Simplify US Equity PLUS Downside Convexity ETF in the fourth quarter valued at $83,000. Howard Bailey Securities LLC increased its position in shares of Simplify US Equity PLUS Downside Convexity ETF by 16.6% in the fourth quarter. Howard Bailey Securities LLC now owns 17,919 shares of the company’s stock valued at $704,000 after buying an additional 2,550 shares in the last quarter. Finally, Lloyd Advisory Services LLC. raised its stake in shares of Simplify US Equity PLUS Downside Convexity ETF by 6.6% during the 4th quarter. Lloyd Advisory Services LLC. now owns 47,645 shares of the company’s stock worth $1,871,000 after buying an additional 2,953 shares during the last quarter.

Simplify US Equity PLUS Downside Convexity ETF Company Profile

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.