Short Interest in Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) Declines By 19.7%

Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) saw a significant decline in short interest in January. As of January 30th, there was short interest totaling 12,402 shares, a decline of 19.7% from the January 15th total of 15,447 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 10,515 shares, the short-interest ratio is presently 1.2 days. Based on an average daily volume of 10,515 shares, the short-interest ratio is presently 1.2 days. Currently, 0.5% of the company’s stock are short sold.

Institutional Trading of Simplify US Equity PLUS Convexity ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new position in Simplify US Equity PLUS Convexity ETF during the second quarter worth $48,000. Osaic Holdings Inc. bought a new stake in Simplify US Equity PLUS Convexity ETF during the 2nd quarter worth about $67,000. Kingdom Financial Group LLC. bought a new stake in Simplify US Equity PLUS Convexity ETF during the 4th quarter worth about $79,000. Modern Wealth Management LLC acquired a new position in shares of Simplify US Equity PLUS Convexity ETF during the 2nd quarter worth about $230,000. Finally, LifeWealth Investments LLC bought a new position in shares of Simplify US Equity PLUS Convexity ETF in the 2nd quarter valued at about $237,000.

Simplify US Equity PLUS Convexity ETF Stock Performance

NYSEARCA:SPYC opened at $41.94 on Friday. The stock has a 50-day simple moving average of $42.95 and a 200 day simple moving average of $42.60. Simplify US Equity PLUS Convexity ETF has a 52-week low of $30.67 and a 52-week high of $45.21. The company has a market cap of $95.62 million, a PE ratio of 26.87 and a beta of 0.98.

Simplify US Equity PLUS Convexity ETF Company Profile

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.