Simplify Currency Strategy ETF (NYSEARCA:FOXY) Short Interest Up 100.5% in August

Simplify Currency Strategy ETF (NYSEARCA:FOXY) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 18,526 shares, a growth of 100.5% from the July 30th total of 9,239 shares. Based on an average daily trading volume, of 66,877 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Simplify Currency Strategy ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Gradient Investments LLC purchased a new stake in shares of Simplify Currency Strategy ETF in the second quarter worth approximately $35,355,000. Bank of America Corp DE boosted its position in shares of Simplify Currency Strategy ETF by 441.2% during the first quarter. Bank of America Corp DE now owns 276,000 shares of the company’s stock valued at $8,070,000 after buying an additional 225,000 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Simplify Currency Strategy ETF by 100.0% during the fourth quarter. BNP Paribas Financial Markets now owns 250,000 shares of the company’s stock valued at $6,802,000 after buying an additional 125,000 shares during the last quarter. Elevated Capital Advisors LLC bought a new stake in Simplify Currency Strategy ETF during the first quarter worth $7,132,000. Finally, Park Edge Advisors LLC grew its holdings in Simplify Currency Strategy ETF by 65.0% during the first quarter. Park Edge Advisors LLC now owns 128,359 shares of the company’s stock worth $3,753,000 after buying an additional 50,547 shares in the last quarter.

Simplify Currency Strategy ETF Stock Down 0.5%

Shares of NYSEARCA FOXY traded down $0.13 during mid-day trading on Friday, reaching $27.12. 88,217 shares of the company’s stock traded hands, compared to its average volume of 69,570. The business has a 50-day simple moving average of $28.72 and a 200 day simple moving average of $29.17. Simplify Currency Strategy ETF has a 1-year low of $26.84 and a 1-year high of $32.20.

About Simplify Currency Strategy ETF

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.