Simplify Currency Strategy ETF (NYSEARCA:FOXY) Sees Large Increase in Short Interest

Simplify Currency Strategy ETF (NYSEARCA:FOXY) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 43,481 shares, a growth of 1,149.5% from the December 15th total of 3,480 shares. Based on an average daily volume of 21,183 shares, the short-interest ratio is presently 2.1 days. Approximately 2.1% of the company’s shares are short sold. Approximately 2.1% of the company’s shares are short sold. Based on an average daily volume of 21,183 shares, the short-interest ratio is presently 2.1 days.

Simplify Currency Strategy ETF Stock Down 0.2%

Shares of FOXY traded down $0.06 during mid-day trading on Wednesday, reaching $27.41. The company had a trading volume of 4,946 shares, compared to its average volume of 19,039. Simplify Currency Strategy ETF has a fifty-two week low of $23.08 and a fifty-two week high of $31.19. The firm has a fifty day simple moving average of $27.96 and a 200-day simple moving average of $27.34.

Hedge Funds Weigh In On Simplify Currency Strategy ETF

A number of large investors have recently modified their holdings of the company. Bank of America Corp DE grew its holdings in shares of Simplify Currency Strategy ETF by 2.0% during the 3rd quarter. Bank of America Corp DE now owns 51,000 shares of the company’s stock worth $1,406,000 after purchasing an additional 1,000 shares during the period. CreativeOne Wealth LLC acquired a new position in Simplify Currency Strategy ETF during the second quarter valued at approximately $297,000. Pekin Hardy Strauss Inc. purchased a new stake in Simplify Currency Strategy ETF during the third quarter worth approximately $357,000. Jane Street Group LLC acquired a new stake in shares of Simplify Currency Strategy ETF in the first quarter worth $560,000. Finally, Simplify Asset Management Inc. raised its stake in shares of Simplify Currency Strategy ETF by 16.4% in the 3rd quarter. Simplify Asset Management Inc. now owns 337,443 shares of the company’s stock valued at $9,303,000 after acquiring an additional 47,500 shares during the period.

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.