Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) Short Interest Up 33.0% in January

Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) saw a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 7,997 shares, a growth of 33.0% from the January 15th total of 6,011 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 13,055 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 13,055 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.3% of the company’s shares are sold short.

Simplify US Equity PLUS Downside Convexity ETF Price Performance

Shares of SPD stock traded up $0.02 during trading hours on Friday, hitting $38.66. The company had a trading volume of 2,747 shares, compared to its average volume of 15,588. Simplify US Equity PLUS Downside Convexity ETF has a fifty-two week low of $29.54 and a fifty-two week high of $41.20. The company’s fifty day moving average is $39.46 and its 200 day moving average is $39.19. The stock has a market capitalization of $114.82 million, a PE ratio of 28.26 and a beta of 0.74.

Institutional Trading of Simplify US Equity PLUS Downside Convexity ETF

Institutional investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC grew its position in shares of Simplify US Equity PLUS Downside Convexity ETF by 4.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 255,478 shares of the company’s stock valued at $10,030,000 after buying an additional 9,923 shares during the last quarter. Ironsides Asset Advisors LLC boosted its stake in shares of Simplify US Equity PLUS Downside Convexity ETF by 21.9% during the 4th quarter. Ironsides Asset Advisors LLC now owns 104,611 shares of the company’s stock worth $4,107,000 after acquiring an additional 18,772 shares in the last quarter. Howard Bailey Securities LLC increased its position in shares of Simplify US Equity PLUS Downside Convexity ETF by 16.6% in the fourth quarter. Howard Bailey Securities LLC now owns 17,919 shares of the company’s stock valued at $704,000 after buying an additional 2,550 shares in the last quarter. LPL Financial LLC grew its position in shares of Simplify US Equity PLUS Downside Convexity ETF by 856.0% in the fourth quarter. LPL Financial LLC now owns 384,800 shares of the company’s stock valued at $15,107,000 after purchasing an additional 344,548 shares during the last quarter. Finally, Evolution Wealth Management Inc. increased its stake in shares of Simplify US Equity PLUS Downside Convexity ETF by 14.7% during the 4th quarter. Evolution Wealth Management Inc. now owns 114,806 shares of the company’s stock worth $4,507,000 after purchasing an additional 14,749 shares in the last quarter.

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.