Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) Short Interest Up 125.4% in May

Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 3,706 shares, an increase of 125.4% from the May 14th total of 1,644 shares. Based on an average trading volume of 2,472 shares, the short-interest ratio is currently 1.5 days. Currently, 0.4% of the shares of the stock are short sold.

Institutional Trading of Simplify U.S. Equity PLUS GBTC ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Private Advisor Group LLC lifted its holdings in shares of Simplify U.S. Equity PLUS GBTC ETF by 0.9% during the 1st quarter. Private Advisor Group LLC now owns 57,214 shares of the company’s stock worth $2,379,000 after acquiring an additional 498 shares during the period. ARQ Wealth Advisors LLC lifted its stake in Simplify U.S. Equity PLUS GBTC ETF by 11.5% in the 3rd quarter. ARQ Wealth Advisors LLC now owns 6,460 shares of the company’s stock valued at $290,000 after purchasing an additional 664 shares during the last quarter. Chicago Partners Investment Group LLC lifted its stake in Simplify U.S. Equity PLUS GBTC ETF by 2.6% in the 4th quarter. Chicago Partners Investment Group LLC now owns 29,657 shares of the company’s stock valued at $1,341,000 after purchasing an additional 747 shares during the last quarter. SFG Wealth Management LLC. lifted its stake in Simplify U.S. Equity PLUS GBTC ETF by 1.1% in the 4th quarter. SFG Wealth Management LLC. now owns 100,401 shares of the company’s stock valued at $4,490,000 after purchasing an additional 1,132 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its stake in Simplify U.S. Equity PLUS GBTC ETF by 14.5% in the 1st 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. Institutional investors own 31.71% of the company’s stock.

Simplify U.S. Equity PLUS GBTC ETF Stock Performance

Shares of Simplify U.S. Equity PLUS GBTC ETF stock traded up $0.23 on Friday, reaching $47.13. 1,862 shares of the stock were exchanged, compared to its average volume of 6,680. The firm’s 50 day moving average is $46.49 and its 200-day moving average is $45.01. Simplify U.S. Equity PLUS GBTC ETF has a one year low of $39.66 and a one year high of $48.72. The firm has a market cap of $43.83 million, a PE ratio of 124.01 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, March 31st. Stockholders of record on Thursday, March 26th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, March 26th. Simplify U.S. Equity PLUS GBTC ETF’s dividend payout ratio is 105.26%.

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.