Simplify Hedged Equity ETF (NYSEARCA:HEQT) Stock Short Interest Jumps 195.0%

Simplify Hedged Equity ETF (NYSEARCA:HEQT) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 131,815 shares, an increase of 195.0% from the September 15th total of 44,679 shares. Approximately 1.4% of the shares of the company are short sold. Based on an average daily volume of 116,716 shares, the days-to-cover ratio is currently 1.1 days.

Simplify Hedged Equity ETF Trading Down 0.0%

Shares of Simplify Hedged Equity ETF stock traded down $0.01 during trading hours on Tuesday, reaching $34.83. The stock had a trading volume of 41,807 shares, compared to its average volume of 73,015. Simplify Hedged Equity ETF has a twelve month low of $30.72 and a twelve month high of $34.84. The firm has a market capitalization of $324.62 million, a PE ratio of 25.09 and a beta of 0.47. The stock’s 50 day moving average is $34.44 and its 200 day moving average is $33.52.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HEQT. ARQ Wealth Advisors LLC increased its holdings in shares of Simplify Hedged Equity ETF by 10.8% in the first quarter. ARQ Wealth Advisors LLC now owns 302,463 shares of the company’s stock valued at $9,528,000 after purchasing an additional 29,412 shares during the last quarter. Independent Wealth Advisors LLC grew its position in Simplify Hedged Equity ETF by 5.7% in the first quarter. Independent Wealth Advisors LLC now owns 185,810 shares of the company’s stock worth $5,853,000 after acquiring an additional 10,054 shares during the period. TSG Advice Partners LLC acquired a new position in shares of Simplify Hedged Equity ETF in the 1st quarter valued at $5,848,000. Envestnet Asset Management Inc. lifted its stake in shares of Simplify Hedged Equity ETF by 13.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 152,958 shares of the company’s stock valued at $5,130,000 after purchasing an additional 17,893 shares during the last quarter. Finally, Financial Enhancement Group LLC grew its holdings in shares of Simplify Hedged Equity ETF by 2.0% during the 2nd quarter. Financial Enhancement Group LLC now owns 139,291 shares of the company’s stock worth $4,672,000 after purchasing an additional 2,731 shares during the period.

Simplify Hedged Equity ETF Company Profile

The Simplify Hedged Equity ETF (HEQT) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks capital appreciation by investing in ETFs that track the S&P 500 Index, while employing an options collar strategy. Each collar consists of an approximately 5% to 20% out-of-the-money put-spread. HEQT was launched on Nov 1, 2021 and is managed by Simplify.