Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) Sees Large Decline in Short Interest

Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 14,202 shares, a decline of 49.1% from the June 15th total of 27,927 shares. Based on an average daily trading volume, of 9,754 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.6% of the company’s stock are sold short.

Simplify US Equity PLUS Convexity ETF Stock Performance

NYSEARCA:SPYC traded up $0.03 during mid-day trading on Wednesday, hitting $45.89. 5,043 shares of the company’s stock traded hands, compared to its average volume of 9,570. The company has a fifty day moving average of $45.36 and a 200 day moving average of $43.22. Simplify US Equity PLUS Convexity ETF has a twelve month low of $38.50 and a twelve month high of $46.58. The company has a market capitalization of $112.43 million, a P/E ratio of 26.87 and a beta of 0.99.

Institutional Investors Weigh In On Simplify US Equity PLUS Convexity ETF

Large investors have recently modified their holdings of the business. Financial Enhancement Group LLC lifted its holdings in shares of Simplify US Equity PLUS Convexity ETF by 1.3% during the fourth quarter. Financial Enhancement Group LLC now owns 33,849 shares of the company’s stock worth $1,443,000 after purchasing an additional 438 shares during the period. Aptus Capital Advisors LLC increased its holdings in Simplify US Equity PLUS Convexity ETF by 52.0% in the 4th quarter. Aptus Capital Advisors LLC now owns 2,553 shares of the company’s stock worth $109,000 after buying an additional 873 shares during the period. Susquehanna International Group LLP raised its position in Simplify US Equity PLUS Convexity ETF by 16.3% during the 3rd quarter. Susquehanna International Group LLP now owns 6,803 shares of the company’s stock worth $292,000 after buying an additional 951 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Simplify US Equity PLUS Convexity ETF during the 2nd quarter worth approximately $48,000. Finally, Howard Bailey Securities LLC raised its position in Simplify US Equity PLUS Convexity ETF by 13.4% during the 4th quarter. Howard Bailey Securities LLC now owns 11,046 shares of the company’s stock worth $472,000 after buying an additional 1,309 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.