Simplify Hedged Equity ETF (NYSEARCA:HEQT – Get Free Report) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 39,578 shares, an increase of 79.7% from the June 30th total of 22,027 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average trading volume of 70,475 shares, the days-to-cover ratio is presently 0.6 days.
Simplify Hedged Equity ETF Trading Up 1.1%
NYSEARCA:HEQT traded up $0.35 during trading hours on Thursday, hitting $33.52. The stock had a trading volume of 45,728 shares, compared to its average volume of 76,511. The company has a market cap of $295.65 million, a PE ratio of 25.09 and a beta of 0.47. The business has a 50 day simple moving average of $33.46 and a two-hundred day simple moving average of $32.71. Simplify Hedged Equity ETF has a 1-year low of $30.16 and a 1-year high of $33.79.
Institutional Investors Weigh In On Simplify Hedged Equity ETF
A number of large investors have recently added to or reduced their stakes in the company. US Bancorp DE purchased a new stake in Simplify Hedged Equity ETF during the 3rd quarter worth $42,000. Kestra Advisory Services LLC acquired a new stake in shares of Simplify Hedged Equity ETF during the fourth quarter valued at about $50,000. Advisors Preferred LLC purchased a new stake in shares of Simplify Hedged Equity ETF during the fourth quarter worth about $112,000. JPMorgan Chase & Co. increased its position in shares of Simplify Hedged Equity ETF by 26.9% during 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 about $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.
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