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

Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 717 shares, a growth of 148.1% from the July 15th total of 289 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 8,378 shares, the days-to-cover ratio is presently 0.1 days.

Simplify US Equity PLUS Downside Convexity ETF Stock Performance

Shares of SPD stock opened at $43.15 on Friday. Simplify US Equity PLUS Downside Convexity ETF has a fifty-two week low of $35.72 and a fifty-two week high of $43.93. The stock has a 50 day simple moving average of $41.59 and a two-hundred day simple moving average of $39.97. The company has a market cap of $110.03 million, a P/E ratio of 28.26 and a beta of 0.75.

Institutional Trading of Simplify US Equity PLUS Downside Convexity ETF

Several hedge funds have recently modified their holdings of SPD. Kingdom Financial Group LLC. acquired a new position in shares of Simplify US Equity PLUS Downside Convexity ETF during the 4th quarter valued at $83,000. Osaic Holdings Inc. boosted its position in shares of Simplify US Equity PLUS Downside Convexity ETF by 21.8% during the 2nd quarter. Osaic Holdings Inc. now owns 7,218 shares of the company’s stock worth $265,000 after purchasing an additional 1,291 shares in the last quarter. Susquehanna International Group LLP acquired a new stake in shares of Simplify US Equity PLUS Downside Convexity ETF in the 3rd quarter valued at about $456,000. Citadel Advisors LLC bought a new stake in Simplify US Equity PLUS Downside Convexity ETF in the 3rd quarter valued at about $464,000. Finally, Howard Bailey Securities LLC increased its position in Simplify US Equity PLUS Downside Convexity ETF by 16.6% in the 4th quarter. Howard Bailey Securities LLC now owns 17,919 shares of the company’s stock valued at $704,000 after buying an additional 2,550 shares in the last quarter.

Simplify US Equity PLUS Downside Convexity ETF Company Profile

The Simplify US Equity PLUS Downside Convexity ETF (SPD) 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 US large-cap stocks while applying a downside options overlay strategy. SPD was launched on Sep 3, 2020 and is managed by Simplify.