Short Interest in Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) Increases By 183.9%

Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) was the target of a large increase in short interest in February. As of February 27th, there was short interest totaling 13,444 shares, an increase of 183.9% from the February 12th total of 4,735 shares. Based on an average trading volume of 8,242 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.5% of the company’s stock are short sold. Currently, 0.5% of the company’s stock are short sold. Based on an average trading volume of 8,242 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Investors Weigh In On Simplify US Equity PLUS Downside Convexity ETF

Several institutional investors have recently bought and sold shares of the stock. Networth Advisors LLC bought a new stake in shares of Simplify US Equity PLUS Downside Convexity ETF during the 4th quarter worth $27,000. Transce3nd LLC bought a new position in Simplify US Equity PLUS Downside Convexity ETF during the second quarter valued at about $30,000. Kingdom Financial Group LLC. purchased a new stake in Simplify US Equity PLUS Downside Convexity ETF during the fourth quarter worth about $83,000. Great Lakes Retirement Inc. purchased a new stake in Simplify US Equity PLUS Downside Convexity ETF during the third quarter worth about $207,000. Finally, Osaic Holdings Inc. raised its position 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 worth $265,000 after acquiring an additional 1,291 shares during the period.

Simplify US Equity PLUS Downside Convexity ETF Stock Performance

SPD traded down $0.21 during midday trading on Wednesday, reaching $37.91. 6,700 shares of the company were exchanged, compared to its average volume of 17,472. The company has a market cap of $112.59 million, a price-to-earnings ratio of 28.26 and a beta of 0.74. Simplify US Equity PLUS Downside Convexity ETF has a one year low of $29.54 and a one year high of $41.20. The company’s fifty day moving average price is $39.18 and its 200 day moving average price is $39.28.

Simplify US Equity PLUS Downside Convexity ETF Company Profile

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.