Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) Short Interest Up 74.4% in August

Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 12,503 shares, a growth of 74.4% from the August 15th total of 7,171 shares. Based on an average daily volume of 4,912 shares, the short-interest ratio is currently 2.5 days. Currently, 0.5% of the shares of the stock are sold short.

Hedge Funds Weigh In On Simplify US Equity PLUS Convexity ETF

Several institutional investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC grew its holdings in Simplify US Equity PLUS Convexity ETF by 11.5% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 326,608 shares of the company’s stock worth $14,920,000 after acquiring an additional 33,569 shares during the last quarter. Montgomery Financial Services LLC acquired a new stake in shares of Simplify US Equity PLUS Convexity ETF in the 2nd quarter valued at $60,000. Elevated Capital Advisors LLC bought a new stake in shares of Simplify US Equity PLUS Convexity ETF during the first quarter worth $509,000. Evolution Wealth Management Inc. lifted its stake in shares of Simplify US Equity PLUS Convexity ETF by 37.0% during the first quarter. Evolution Wealth Management Inc. now owns 102,699 shares of the company’s stock valued at $4,054,000 after acquiring an additional 27,738 shares during the period. Finally, Howard Bailey Securities LLC lifted its stake in shares of Simplify US Equity PLUS Convexity ETF by 13.4% during the fourth quarter. Howard Bailey Securities LLC now owns 11,046 shares of the company’s stock valued at $472,000 after acquiring an additional 1,309 shares during the period.

Simplify US Equity PLUS Convexity ETF Stock Down 0.1%

NYSEARCA:SPYC opened at $45.85 on Friday. The firm has a market cap of $137.50 million, a PE ratio of 26.87 and a beta of 0.99. Simplify US Equity PLUS Convexity ETF has a 12 month low of $38.50 and a 12 month high of $48.96. The company’s 50-day moving average price is $46.22 and its two-hundred day moving average price is $44.36.

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.