Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) Short Interest Up 660.1% in February

Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) was the recipient of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 12,063 shares, an increase of 660.1% from the February 12th total of 1,587 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 8,571 shares, the days-to-cover ratio is currently 1.4 days. Based on an average daily volume of 8,571 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.5% of the shares of the company are sold short.

Simplify US Equity PLUS Convexity ETF Trading Down 0.3%

NYSEARCA:SPYC traded down $0.13 during midday trading on Tuesday, hitting $41.24. 8,246 shares of the stock were exchanged, compared to its average volume of 8,858. 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 $42.59 and a two-hundred day moving average price of $42.71. The company has a market capitalization of $94.03 million, a price-to-earnings ratio of 26.87 and a beta of 0.98.

Institutional Investors Weigh In On Simplify US Equity PLUS Convexity ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. bought a new position in shares of Simplify US Equity PLUS Convexity ETF in the second quarter worth about $48,000. Osaic Holdings Inc. acquired a new position in Simplify US Equity PLUS Convexity ETF during the second quarter worth $67,000. Kingdom Financial Group LLC. acquired a new stake in Simplify US Equity PLUS Convexity ETF during the 4th quarter valued at $79,000. Aptus Capital Advisors LLC grew its holdings in 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. Finally, Modern Wealth Management LLC bought a new stake in shares of Simplify US Equity PLUS Convexity ETF during the 2nd quarter valued at $230,000.

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.