Simplify US Equity PLUS Upside Convexity ETF (NYSEARCA:SPUC) Sees Large Increase in Short Interest

Simplify US Equity PLUS Upside Convexity ETF (NYSEARCA:SPUC) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 8,150 shares, an increase of 11,064.4% from the July 15th total of 73 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 384,014 shares, the days-to-cover ratio is currently 0.0 days.

Simplify US Equity PLUS Upside Convexity ETF Stock Performance

Simplify US Equity PLUS Upside Convexity ETF stock opened at $50.28 on Wednesday. The stock’s 50 day moving average price is $49.22 and its 200 day moving average price is $47.83. The firm has a market capitalization of $158.38 million, a PE ratio of 21.23 and a beta of 1.24. Simplify US Equity PLUS Upside Convexity ETF has a one year low of $42.89 and a one year high of $52.08.

Institutional Trading of Simplify US Equity PLUS Upside Convexity ETF

A number of hedge funds have recently made changes to their positions in SPUC. Commonwealth Equity Services LLC boosted its stake in shares of Simplify US Equity PLUS Upside Convexity ETF by 6.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 227,107 shares of the company’s stock valued at $10,582,000 after purchasing an additional 14,014 shares during the period. AE Wealth Management LLC increased its stake in Simplify US Equity PLUS Upside Convexity ETF by 7,426.8% during the 4th quarter. AE Wealth Management LLC now owns 93,106 shares of the company’s stock worth $4,338,000 after buying an additional 91,869 shares during the period. Lloyd Advisory Services LLC. purchased a new stake in Simplify US Equity PLUS Upside Convexity ETF during the 4th quarter worth $1,597,000. Elevated Capital Advisors LLC acquired a new position in Simplify US Equity PLUS Upside Convexity ETF in the 1st quarter worth $514,000. Finally, B.O.S.S. Retirement Advisors LLC acquired a new position in Simplify US Equity PLUS Upside Convexity ETF in the 4th quarter worth $479,000.

About Simplify US Equity PLUS Upside Convexity ETF

The Simplify US Equity PLUS Upside Convexity ETF (SPUC) is an exchange-traded fund that is based on the S&P 500 index. The fund is actively managed to provide exposure to the S&P 500 stocks while applying an upside options overlay strategy. SPUC was launched on Sep 3, 2020 and is managed by Simplify.