Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) Sees Significant Decrease in Short Interest

Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 229 shares, a decline of 71.2% from the September 30th total of 796 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 6,032 shares, the days-to-cover ratio is presently 0.0 days.

Simplify U.S. Equity PLUS GBTC ETF Stock Up 0.7%

NASDAQ:SPBC opened at $50.35 on Wednesday. Simplify U.S. Equity PLUS GBTC ETF has a 52 week low of $40.29 and a 52 week high of $51.50. The stock’s fifty day moving average is $50.18 and its two-hundred day moving average is $46.93. The stock has a market capitalization of $42.80 million, a price-to-earnings ratio of 132.50 and a beta of 1.22.

Simplify U.S. Equity PLUS GBTC ETF Dividend Announcement

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

Hedge Funds Weigh In On Simplify U.S. Equity PLUS GBTC ETF

Several institutional investors have recently modified their holdings of SPBC. Worth Asset Management LLC acquired a new stake in shares of Simplify U.S. Equity PLUS GBTC ETF in the second quarter valued at $396,000. NewEdge Advisors LLC boosted its holdings in Simplify U.S. Equity PLUS GBTC ETF by 14.5% in the first quarter. NewEdge Advisors LLC now owns 14,259 shares of the company’s stock valued at $593,000 after purchasing an additional 1,811 shares during the period. Total Clarity Wealth Management Inc. grew its stake in Simplify U.S. Equity PLUS GBTC ETF by 1.8% during the 3rd quarter. Total Clarity Wealth Management Inc. now owns 23,504 shares of the company’s stock worth $1,177,000 after purchasing an additional 418 shares in the last quarter. SFG Wealth Management LLC. grew its stake in Simplify U.S. Equity PLUS GBTC ETF by 0.9% during the 3rd quarter. SFG Wealth Management LLC. now owns 29,696 shares of the company’s stock worth $1,488,000 after purchasing an additional 271 shares in the last quarter. Finally, Private Advisor Group LLC grew its stake in Simplify U.S. Equity PLUS GBTC ETF by 0.9% during the 1st quarter. Private Advisor Group LLC now owns 57,214 shares of the company’s stock worth $2,379,000 after purchasing an additional 498 shares in the last quarter. Institutional investors and hedge funds 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.