Simplify US Equity PLUS Upside Convexity ETF (NYSEARCA:SPUC) Stock Short Interest Report for September

Simplify US Equity PLUS Upside Convexity ETF (NYSEARCA:SPUC) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 22,868 shares, an increase of 226.5% from the September 15th total of 7,004 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 47,392 shares, the short-interest ratio is currently 0.5 days.

Simplify US Equity PLUS Upside Convexity ETF Stock Performance

Shares of NYSEARCA:SPUC traded up $0.26 during trading on Friday, reaching $49.63. 37,883 shares of the stock traded hands, compared to its average volume of 38,704. The stock has a 50-day moving average of $49.61 and a two-hundred day moving average of $48.71. Simplify US Equity PLUS Upside Convexity ETF has a 52-week low of $42.89 and a 52-week high of $52.08. The stock has a market cap of $259.07 million, a P/E ratio of 21.23 and a beta of 1.23.

Hedge Funds Weigh In On Simplify US Equity PLUS Upside Convexity ETF

An institutional investor recently bought a new position in Simplify US Equity PLUS Upside Convexity ETF stock. Elevated Capital Advisors LLC acquired a new stake in Simplify US Equity PLUS Upside Convexity ETF (NYSEARCA:SPUC) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 11,636 shares of the company’s stock, valued at approximately $514,000. Elevated Capital Advisors LLC owned approximately 0.51% of Simplify US Equity PLUS Upside Convexity ETF at the end of the most recent quarter.

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.