Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) Stock Short Interest Drops 91.5%

Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) was the target of a large decline in short interest in September. As of September 30th, there was short interest totaling 796 shares, a decline of 91.5% from the September 15th total of 9,325 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 6,311 shares, the days-to-cover ratio is presently 0.1 days.

Simplify U.S. Equity PLUS GBTC ETF Stock Performance

Shares of Simplify U.S. Equity PLUS GBTC ETF stock opened at $51.06 on Friday. The firm has a market cap of $41.87 million, a PE ratio of 134.37 and a beta of 1.22. Simplify U.S. Equity PLUS GBTC ETF has a 52-week low of $40.29 and a 52-week high of $51.50. The business’s 50 day simple moving average is $49.89 and its 200 day simple moving average is $47.61.

Simplify U.S. Equity PLUS GBTC ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Friday, September 25th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, September 25th. Simplify U.S. Equity PLUS GBTC ETF’s dividend payout ratio is currently 105.26%.

Institutional Trading of Simplify U.S. Equity PLUS GBTC ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Professional Financial Advisors LLC increased its position in shares of Simplify U.S. Equity PLUS GBTC ETF by 2.9% during the 2nd quarter. Professional Financial Advisors LLC now owns 130,926 shares of the company’s stock worth $6,179,000 after purchasing an additional 3,742 shares during the last quarter. Private Advisor Group LLC raised its position in shares of Simplify U.S. Equity PLUS GBTC ETF by 0.9% in the first quarter. Private Advisor Group LLC now owns 57,214 shares of the company’s stock valued at $2,379,000 after purchasing an additional 498 shares during the period. Worth Asset Management LLC boosted its holdings in shares of Simplify U.S. Equity PLUS GBTC ETF by 68.6% during the third quarter. Worth Asset Management LLC now owns 14,158 shares of the company’s stock worth $709,000 after acquiring an additional 5,761 shares during the period. Finally, NewEdge Advisors LLC grew its holdings in Simplify U.S. Equity PLUS GBTC ETF by 14.5% in the 1st quarter. NewEdge Advisors LLC now owns 14,259 shares of the company’s stock valued at $593,000 after buying an additional 1,811 shares in the last quarter. Institutional investors own 31.71% of the company’s stock.

Simplify U.S. Equity PLUS GBTC ETF Company Profile

SP Bancorp, Inc is a non-diversified savings and loan holding company for SharePlus Federal Bank (the Bank). The Bank is a federally chartered savings bank. The Bank provides financial services to individuals, families and businesses through its six banking offices. The Bank’s business consists primarily of taking deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in mortgage loans secured by residential real estate, home equity loans and lines of credit, commercial real estate loans, consumer loans (consisting primarily of automobile loans) and commercial business loans.