Short Interest in Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) Increases By 1,054.5%

Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 11,464 shares, a growth of 1,054.5% from the August 15th total of 993 shares. Approximately 1.2% of the company’s stock are short sold. Based on an average daily trading volume, of 3,753 shares, the days-to-cover ratio is presently 3.1 days.

Simplify U.S. Equity PLUS GBTC ETF Stock Up 1.0%

Shares of NASDAQ:SPBC traded up $0.49 during midday trading on Friday, reaching $49.80. 631 shares of the company were exchanged, compared to its average volume of 6,905. Simplify U.S. Equity PLUS GBTC ETF has a fifty-two week low of $40.29 and a fifty-two week high of $50.64. The stock has a fifty day simple moving average of $48.73 and a two-hundred day simple moving average of $46.62. The firm has a market cap of $46.31 million, a PE ratio of 131.05 and a beta of 1.22.

Simplify U.S. Equity PLUS GBTC ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.40 annualized dividend and a dividend yield of 0.8%. Simplify U.S. Equity PLUS GBTC ETF’s dividend payout ratio (DPR) is currently 105.26%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Professional Financial Advisors LLC grew its holdings in shares of Simplify U.S. Equity PLUS GBTC ETF by 2.9% during the second quarter. Professional Financial Advisors LLC now owns 130,926 shares of the company’s stock worth $6,179,000 after buying an additional 3,742 shares in the last quarter. Worth Asset Management LLC bought a new position in shares of Simplify U.S. Equity PLUS GBTC ETF during the 2nd quarter worth approximately $396,000. NewEdge Advisors LLC raised its holdings in shares of Simplify U.S. Equity PLUS GBTC ETF by 14.5% in the first quarter. NewEdge Advisors LLC now owns 14,259 shares of the company’s stock valued at $593,000 after purchasing an additional 1,811 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of Simplify U.S. Equity PLUS GBTC ETF by 0.9% in the first quarter. Private Advisor Group LLC now owns 57,214 shares of the company’s stock valued at $2,379,000 after purchasing an additional 498 shares during the last quarter. Finally, ARQ Wealth Advisors LLC lifted its position in shares of Simplify U.S. Equity PLUS GBTC ETF by 12.4% in the fourth quarter. ARQ Wealth Advisors LLC now owns 7,263 shares of the company’s stock worth $325,000 after purchasing an additional 803 shares in the last quarter. 31.71% of the stock is owned by institutional investors and hedge funds.

Simplify U.S. Equity PLUS GBTC ETF Company Profile

SP Bancorp, Inc is a non-diversified savings and loan holding company for SharePlus Federal Bank (the Bank). The Bank is a federally chartered savings bank. The Bank provides financial services to individuals, families and businesses through its six banking offices. The Bank’s business consists primarily of taking deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in mortgage loans secured by residential real estate, home equity loans and lines of credit, commercial real estate loans, consumer loans (consisting primarily of automobile loans) and commercial business loans.