Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) Short Interest Update

Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) was the target of a large decline in short interest in February. As of February 13th, there was short interest totaling 1,587 shares, a decline of 87.2% from the January 29th total of 12,402 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 12,676 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 12,676 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

Simplify US Equity PLUS Convexity ETF Stock Down 1.0%

Shares of SPYC stock traded down $0.42 on Thursday, hitting $42.24. The stock had a trading volume of 5,896 shares, compared to its average volume of 9,316. Simplify US Equity PLUS Convexity ETF has a one year low of $30.67 and a one year high of $45.21. The business has a 50 day moving average price of $42.85 and a 200 day moving average price of $42.68. The company has a market cap of $96.31 million, a PE ratio of 26.87 and a beta of 0.98.

Institutional Trading of Simplify US Equity PLUS Convexity ETF

A number of hedge funds have recently bought and sold shares of the stock. LifeWealth Investments LLC increased its holdings in shares of Simplify US Equity PLUS Convexity ETF by 7.4% in the 3rd quarter. LifeWealth Investments LLC now owns 6,170 shares of the company’s stock valued at $264,000 after acquiring an additional 426 shares during the period. Financial Enhancement Group LLC lifted its position in shares of Simplify US Equity PLUS Convexity ETF by 1.3% during the fourth quarter. Financial Enhancement Group LLC now owns 33,849 shares of the company’s stock valued at $1,443,000 after buying an additional 438 shares during the last quarter. Aptus Capital Advisors LLC boosted its holdings in shares of Simplify US Equity PLUS Convexity ETF by 52.0% in the 4th quarter. Aptus Capital Advisors LLC now owns 2,553 shares of the company’s stock valued at $109,000 after buying an additional 873 shares in the last quarter. Susquehanna International Group LLP grew its position in shares of Simplify US Equity PLUS Convexity ETF by 16.3% in the 3rd quarter. Susquehanna International Group LLP now owns 6,803 shares of the company’s stock worth $292,000 after buying an additional 951 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Simplify US Equity PLUS Convexity ETF in the 2nd quarter worth approximately $48,000.

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.