Short Interest in Simplify US Equity PLUS Upside Convexity ETF (NYSEARCA:SPUC) Increases By 89.3%

Simplify US Equity PLUS Upside Convexity ETF (NYSEARCA:SPUC) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 15,428 shares, an increase of 89.3% from the July 30th total of 8,150 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average trading volume of 28,703 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On Simplify US Equity PLUS Upside Convexity ETF

Several large investors have recently modified their holdings of SPUC. Kingdom Financial Group LLC. bought a new stake in Simplify US Equity PLUS Upside Convexity ETF in the fourth quarter worth $85,000. Kestra Advisory Services LLC bought a new position in Simplify US Equity PLUS Upside Convexity ETF during the fourth quarter valued at $86,000. Bank of America Corp DE bought a new position in Simplify US Equity PLUS Upside Convexity ETF during the third quarter valued at $162,000. Great Lakes Retirement Inc. purchased a new stake in shares of Simplify US Equity PLUS Upside Convexity ETF in the fourth quarter valued at $251,000. Finally, MML Investors Services LLC raised its stake in shares of Simplify US Equity PLUS Upside Convexity ETF by 8.9% in the fourth quarter. MML Investors Services LLC now owns 5,736 shares of the company’s stock valued at $267,000 after acquiring an additional 467 shares during the period.

Simplify US Equity PLUS Upside Convexity ETF Stock Down 0.4%

NYSEARCA SPUC traded down $0.21 during trading hours on Friday, hitting $49.56. 76,200 shares of the company were exchanged, compared to its average volume of 38,824. The stock has a 50-day moving average price of $49.45 and a 200 day moving average price of $48.07. Simplify US Equity PLUS Upside Convexity ETF has a 52 week low of $42.89 and a 52 week high of $52.08. The stock has a market cap of $156.11 million, a PE ratio of 21.23 and a beta of 1.24.

Simplify US Equity PLUS Upside Convexity ETF Company Profile

The Simplify US Equity PLUS Upside Convexity ETF (SPUC) is an exchange-traded fund that is based on the S&P 500 index. The fund is actively managed to provide exposure to the S&P 500 stocks while applying an upside options overlay strategy. SPUC was launched on Sep 3, 2020 and is managed by Simplify.