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

Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) was the target of a large increase in short interest in December. As of December 15th, there was short interest totaling 16,286 shares, an increase of 197.2% from the November 30th total of 5,479 shares. Based on an average daily volume of 15,883 shares, the short-interest ratio is currently 1.0 days. Approximately 0.6% of the shares of the stock are short sold. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily volume of 15,883 shares, the short-interest ratio is currently 1.0 days.

Institutional Trading of Simplify US Equity PLUS Downside Convexity ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Transce3nd LLC acquired a new stake in shares of Simplify US Equity PLUS Downside Convexity ETF during the second quarter worth $30,000. Great Lakes Retirement Inc. acquired a new stake in Simplify US Equity PLUS Downside Convexity ETF during the third quarter worth about $207,000. Osaic Holdings Inc. raised its holdings in Simplify US Equity PLUS Downside Convexity ETF by 21.8% in the second quarter. Osaic Holdings Inc. now owns 7,218 shares of the company’s stock valued at $265,000 after buying an additional 1,291 shares during the period. LifeWealth Investments LLC purchased a new stake in Simplify US Equity PLUS Downside Convexity ETF during the 2nd quarter worth $416,000. Finally, Susquehanna International Group LLP acquired a new stake in shares of Simplify US Equity PLUS Downside Convexity ETF in the third quarter valued at about $456,000.

Simplify US Equity PLUS Downside Convexity ETF Price Performance

NYSEARCA:SPD traded down $0.12 during trading hours on Friday, reaching $39.91. 1,020 shares of the company traded hands, compared to its average volume of 26,923. The firm’s 50-day moving average is $39.56 and its 200-day moving average is $38.70. The stock has a market cap of $106.57 million, a P/E ratio of 28.26 and a beta of 0.74. Simplify US Equity PLUS Downside Convexity ETF has a 1-year low of $29.54 and a 1-year high of $41.20.

About Simplify US Equity PLUS Downside Convexity ETF

The Simplify US Equity PLUS Downside Convexity ETF (SPD) 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 US large-cap stocks while applying a downside options overlay strategy. SPD was launched on Sep 3, 2020 and is managed by Simplify.