Short Interest in Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) Decreases By 61.4%

Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 7,171 shares, a drop of 61.4% from the July 30th total of 18,558 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 19,449 shares, the days-to-cover ratio is currently 0.4 days.

Simplify US Equity PLUS Convexity ETF Stock Down 0.4%

Shares of Simplify US Equity PLUS Convexity ETF stock traded down $0.19 during trading hours on Friday, hitting $46.81. 4,625 shares of the company’s stock traded hands, compared to its average volume of 9,786. Simplify US Equity PLUS Convexity ETF has a twelve month low of $38.50 and a twelve month high of $48.96. The company has a market cap of $115.62 million, a PE ratio of 26.87 and a beta of 0.99. The stock has a 50 day simple moving average of $45.99 and a 200-day simple moving average of $43.97.

Institutional Investors Weigh In On Simplify US Equity PLUS Convexity ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Evolution Wealth Management Inc. increased its holdings in shares of Simplify US Equity PLUS Convexity ETF by 37.0% in the 1st quarter. Evolution Wealth Management Inc. now owns 102,699 shares of the company’s stock worth $4,054,000 after acquiring an additional 27,738 shares during the period. Elevated Capital Advisors LLC acquired a new position in Simplify US Equity PLUS Convexity ETF during the 1st quarter valued at about $509,000. Montgomery Financial Services LLC bought a new position in Simplify US Equity PLUS Convexity ETF in the 2nd quarter worth about $60,000. Aptus Capital Advisors LLC increased its stake in shares of Simplify US Equity PLUS Convexity ETF by 52.0% in the fourth quarter. Aptus Capital Advisors LLC now owns 2,553 shares of the company’s stock valued at $109,000 after purchasing an additional 873 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its position in shares of Simplify US Equity PLUS Convexity ETF by 29.3% during the fourth quarter. Integrated Wealth Concepts LLC now owns 323,898 shares of the company’s stock worth $13,845,000 after buying an additional 73,490 shares during the period.

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.