Simplify Currency Strategy ETF (NYSEARCA:FOXY) Sees Large Drop in Short Interest

Simplify Currency Strategy ETF (NYSEARCA:FOXY) was the target of a large decline in short interest in February. As of February 13th, there was short interest totaling 6,946 shares, a decline of 82.1% from the January 29th total of 38,765 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 81,992 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 81,992 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.3% of the company’s stock are short sold.

Simplify Currency Strategy ETF Stock Down 0.0%

Shares of Simplify Currency Strategy ETF stock traded down $0.01 during trading hours on Wednesday, reaching $29.28. The company’s stock had a trading volume of 27,625 shares, compared to its average volume of 50,311. Simplify Currency Strategy ETF has a one year low of $23.08 and a one year high of $31.19. The stock’s fifty day simple moving average is $28.19 and its two-hundred day simple moving average is $27.86.

Hedge Funds Weigh In On Simplify Currency Strategy ETF

Large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC bought a new stake in Simplify Currency Strategy ETF during the 1st quarter worth approximately $560,000. CreativeOne Wealth LLC purchased a new position in shares of Simplify Currency Strategy ETF during the second quarter valued at approximately $297,000. Park Edge Advisors LLC bought a new stake in Simplify Currency Strategy ETF during the third quarter worth $2,218,000. Simplify Asset Management Inc. grew its holdings in Simplify Currency Strategy ETF by 16.4% during the third quarter. Simplify Asset Management Inc. now owns 337,443 shares of the company’s stock worth $9,303,000 after buying an additional 47,500 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. purchased a new stake in Simplify Currency Strategy ETF in the 3rd quarter valued at $357,000.

About Simplify Currency Strategy ETF

The Simplify Currency Strategy ETF (FOXY) is an exchange-traded fund that mostly invests in long global basket, short usd currency. The fund is an actively managed fund with long and short exposures in foreign currencies through forward contracts and swaps, as well as futures contracts. It employs a combination of mean-reversion strategy for G10 currencies and a carry strategy for emerging market currencies. FOXY was launched on Feb 3, 2025 and is issued by Simplify.