Simplify Currency Strategy ETF (NYSEARCA:FOXY) Short Interest Update

Simplify Currency Strategy ETF (NYSEARCA:FOXY) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 115,371 shares, an increase of 85.8% from the February 26th total of 62,110 shares. Based on an average daily volume of 58,698 shares, the days-to-cover ratio is currently 2.0 days. Currently, 4.6% of the shares of the company are short sold.

Simplify Currency Strategy ETF Stock Down 1.0%

NYSEARCA:FOXY traded down $0.29 during trading hours on Friday, reaching $29.46. 28,792 shares of the company’s stock were exchanged, compared to its average volume of 51,149. Simplify Currency Strategy ETF has a 1-year low of $23.08 and a 1-year high of $31.57. The company has a 50-day moving average of $29.26 and a 200 day moving average of $28.32.

Hedge Funds Weigh In On Simplify Currency Strategy ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Sound Income Strategies LLC purchased a new stake in Simplify Currency Strategy ETF during the 4th quarter valued at approximately $26,000. Decker Retirement Planning Inc. acquired a new position in shares of Simplify Currency Strategy ETF in the fourth quarter valued at approximately $189,000. Kestra Private Wealth Services LLC acquired a new position in shares of Simplify Currency Strategy ETF in the fourth quarter valued at approximately $208,000. CWM LLC raised its stake in shares of Simplify Currency Strategy ETF by 1,446.6% during the fourth quarter. CWM LLC now owns 8,290 shares of the company’s stock worth $226,000 after purchasing an additional 7,754 shares during the last quarter. Finally, Lloyd Advisory Services LLC. purchased a new stake in shares of Simplify Currency Strategy ETF during the fourth quarter worth approximately $231,000.

Simplify Currency Strategy ETF Company Profile

The Simplify Currency Strategy ETF (FOXY) is an exchange-traded fund that mostly invests in long global basket, short usd currency. The fund is an actively managed fund with long and short exposures in foreign currencies through forward contracts and swaps, as well as futures contracts. It employs a combination of mean-reversion strategy for G10 currencies and a carry strategy for emerging market currencies. FOXY was launched on Feb 3, 2025 and is issued by Simplify.