Simplify Hedged Equity ETF (NYSEARCA:HEQT – Get Free Report) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 131,815 shares, a growth of 195.0% from the September 15th total of 44,679 shares. Currently, 1.4% of the company’s shares are sold short. Based on an average daily volume of 116,716 shares, the days-to-cover ratio is currently 1.1 days.
Institutional Investors Weigh In On Simplify Hedged Equity ETF
Several hedge funds have recently modified their holdings of HEQT. Integrated Wealth Concepts LLC purchased a new stake in shares of Simplify Hedged Equity ETF in the second quarter worth about $197,000. Royal Bank of Canada grew its stake in shares of Simplify Hedged Equity ETF by 33.5% during the 1st quarter. Royal Bank of Canada now owns 10,850 shares of the company’s stock worth $342,000 after purchasing an additional 2,725 shares during the period. Diversify Wealth Management LLC acquired a new stake in shares of Simplify Hedged Equity ETF during the 1st quarter valued at about $371,000. Citadel Advisors LLC purchased a new position in shares of Simplify Hedged Equity ETF in the 2nd quarter valued at about $516,000. Finally, Blue Jean Financial LLC acquired a new stake in Simplify Hedged Equity ETF in the fourth quarter valued at approximately $507,000.
Simplify Hedged Equity ETF Price Performance
Shares of HEQT opened at $34.83 on Wednesday. Simplify Hedged Equity ETF has a 1-year low of $30.72 and a 1-year high of $34.84. The company has a 50-day moving average of $34.45 and a 200 day moving average of $33.54. The firm has a market capitalization of $324.62 million, a price-to-earnings ratio of 25.09 and a beta of 0.47.
Simplify Hedged Equity ETF Company Profile
The Simplify Hedged Equity ETF (HEQT) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks capital appreciation by investing in ETFs that track the S&P 500 Index, while employing an options collar strategy. Each collar consists of an approximately 5% to 20% out-of-the-money put-spread. HEQT was launched on Nov 1, 2021 and is managed by Simplify.
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