Simplify Hedged Equity ETF (NYSEARCA:HEQT) Short Interest Up 347.3% in June

Simplify Hedged Equity ETF (NYSEARCA:HEQT) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 22,027 shares, a growth of 347.3% from the June 15th total of 4,924 shares. Based on an average daily volume of 66,509 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are short sold.

Simplify Hedged Equity ETF Stock Performance

Shares of NYSEARCA HEQT traded up $0.11 during trading on Friday, hitting $33.77. The company had a trading volume of 22,842 shares, compared to its average volume of 79,484. Simplify Hedged Equity ETF has a 52 week low of $30.14 and a 52 week high of $33.77. The business’s 50-day moving average is $33.35 and its 200 day moving average is $32.58. The company has a market cap of $300.55 million, a P/E ratio of 25.09 and a beta of 0.47.

Hedge Funds Weigh In On Simplify Hedged Equity ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. US Bancorp DE acquired a new position in Simplify Hedged Equity ETF in the 3rd quarter valued at approximately $42,000. Kestra Advisory Services LLC purchased a new position in shares of Simplify Hedged Equity ETF during the 4th quarter valued at $50,000. Advisors Preferred LLC purchased a new position in shares of Simplify Hedged Equity ETF during the 4th quarter valued at $112,000. JPMorgan Chase & Co. increased its stake in shares of Simplify Hedged Equity ETF by 26.9% in the third quarter. JPMorgan Chase & Co. now owns 4,339 shares of the company’s stock worth $136,000 after acquiring an additional 921 shares during the last quarter. Finally, Chatterton & Associates Inc. purchased a new stake in shares of Simplify Hedged Equity ETF during the fourth quarter worth $222,000.

About Simplify Hedged Equity ETF

The Simplify Hedged Equity ETF (HEQT) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks capital appreciation by investing in ETFs that track the S&P 500 Index, while employing an options collar strategy. Each collar consists of an approximately 5% to 20% out-of-the-money put-spread. HEQT was launched on Nov 1, 2021 and is managed by Simplify.