Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) Shares Shorted: Short Interest Down 46.0% in September

Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 6,757 shares, a decrease of 46.0% from the August 31st total of 12,503 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 77,057 shares, the short-interest ratio is currently 0.1 days.

Simplify US Equity PLUS Convexity ETF Stock Down 0.1%

Shares of Simplify US Equity PLUS Convexity ETF stock traded down $0.06 during trading on Wednesday, reaching $45.54. The company’s stock had a trading volume of 4,476 shares, compared to its average volume of 12,997. Simplify US Equity PLUS Convexity ETF has a 12-month low of $38.50 and a 12-month high of $48.96. The company has a market capitalization of $81.97 million, a P/E ratio of 26.87 and a beta of 0.99. The business has a 50 day moving average price of $46.33 and a 200-day moving average price of $44.62.

Institutional Trading of Simplify US Equity PLUS Convexity ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. purchased a new position in Simplify US Equity PLUS Convexity ETF during the 2nd quarter valued at about $347,000. Integrated Wealth Concepts LLC boosted its position in Simplify US Equity PLUS Convexity ETF by 11.5% during the second quarter. Integrated Wealth Concepts LLC now owns 326,608 shares of the company’s stock worth $14,920,000 after acquiring an additional 33,569 shares during the last quarter. Montgomery Financial Services LLC acquired a new stake in Simplify US Equity PLUS Convexity ETF during the second quarter worth approximately $60,000. Elevated Capital Advisors LLC purchased a new stake in Simplify US Equity PLUS Convexity ETF in the 1st quarter worth approximately $509,000. Finally, Evolution Wealth Management Inc. raised its holdings in 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 valued at $4,054,000 after acquiring an additional 27,738 shares during the last quarter.

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.