Short Interest in Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) Decreases By 19.7%

Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) saw a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 12,402 shares, a drop of 19.7% from the January 15th total of 15,447 shares. Based on an average trading volume of 10,515 shares, the short-interest ratio is currently 1.2 days. Approximately 0.5% of the shares of the company are sold short. Approximately 0.5% of the shares of the company are sold short. Based on an average trading volume of 10,515 shares, the short-interest ratio is currently 1.2 days.

Simplify US Equity PLUS Convexity ETF Stock Performance

NYSEARCA:SPYC traded up $0.12 during mid-day trading on Tuesday, reaching $42.06. The stock had a trading volume of 10,735 shares, compared to its average volume of 9,604. Simplify US Equity PLUS Convexity ETF has a twelve month low of $30.67 and a twelve month high of $45.21. The business has a 50 day simple moving average of $42.93 and a 200 day simple moving average of $42.62. The firm has a market capitalization of $95.90 million, a price-to-earnings ratio of 26.87 and a beta of 0.98.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SPYC. Raymond James Financial Inc. acquired a new stake in Simplify US Equity PLUS Convexity ETF in the second quarter valued at $48,000. Osaic Holdings Inc. purchased a new position in shares of Simplify US Equity PLUS Convexity ETF in the 2nd quarter valued at about $67,000. Kingdom Financial Group LLC. acquired a new stake in shares of Simplify US Equity PLUS Convexity ETF in the fourth quarter valued at about $79,000. Aptus Capital Advisors LLC boosted its holdings in Simplify US Equity PLUS Convexity ETF by 52.0% during the fourth quarter. Aptus Capital Advisors LLC now owns 2,553 shares of the company’s stock worth $109,000 after buying an additional 873 shares in the last quarter. Finally, Modern Wealth Management LLC acquired a new position in Simplify US Equity PLUS Convexity ETF during the second quarter worth about $230,000.

About Simplify US Equity PLUS Convexity ETF

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.