Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) Short Interest Update

Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) was the target of a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 4,735 shares, a decrease of 40.8% from the January 29th total of 7,997 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 13,567 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 13,567 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s shares are sold short.

Hedge Funds Weigh In On Simplify US Equity PLUS Downside Convexity ETF

A number of hedge funds have recently made changes to their positions in the stock. LPL Financial LLC lifted its stake in Simplify US Equity PLUS Downside Convexity ETF by 856.0% during the fourth quarter. LPL Financial LLC now owns 384,800 shares of the company’s stock worth $15,107,000 after purchasing an additional 344,548 shares in the last quarter. AE Wealth Management LLC grew its position in Simplify US Equity PLUS Downside Convexity ETF by 6,701.7% in the 2nd quarter. AE Wealth Management LLC now owns 185,279 shares of the company’s stock valued at $7,044,000 after acquiring an additional 182,555 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in Simplify US Equity PLUS Downside Convexity ETF by 70.5% during the third quarter. Commonwealth Equity Services LLC now owns 245,555 shares of the company’s stock worth $9,702,000 after purchasing an additional 101,573 shares during the period. Evolution Wealth Management Inc. purchased a new position in shares of Simplify US Equity PLUS Downside Convexity ETF in the second quarter valued at approximately $3,602,000. Finally, CWM LLC grew its holdings in shares of Simplify US Equity PLUS Downside Convexity ETF by 3,528.9% in the third quarter. CWM LLC now owns 30,483 shares of the company’s stock valued at $1,204,000 after purchasing an additional 29,643 shares in the last quarter.

Simplify US Equity PLUS Downside Convexity ETF Trading Down 0.4%

Shares of SPD opened at $38.75 on Friday. The company’s 50-day moving average price is $39.37 and its 200 day moving average price is $39.26. Simplify US Equity PLUS Downside Convexity ETF has a 12-month low of $29.54 and a 12-month high of $41.20. The firm has a market cap of $115.09 million, a P/E ratio of 28.26 and a beta of 0.74.

Simplify US Equity PLUS Downside Convexity ETF Company Profile

The Simplify US Equity PLUS Downside Convexity ETF (SPD) 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 US large-cap stocks while applying a downside options overlay strategy. SPD was launched on Sep 3, 2020 and is managed by Simplify.