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

Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) saw a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 12,063 shares, a growth of 660.1% from the February 12th total of 1,587 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average trading volume of 8,571 shares, the short-interest ratio is presently 1.4 days. Based on an average trading volume of 8,571 shares, the short-interest ratio is presently 1.4 days. Approximately 0.5% of the company’s shares are sold short.

Simplify US Equity PLUS Convexity ETF Price Performance

Shares of SPYC stock traded down $0.50 during trading hours on Thursday, reaching $40.67. The company had a trading volume of 7,182 shares, compared to its average volume of 8,675. Simplify US Equity PLUS Convexity ETF has a 1-year low of $30.67 and a 1-year high of $45.21. The firm has a market cap of $92.73 million, a price-to-earnings ratio of 26.87 and a beta of 0.98. The company has a 50 day moving average of $42.56 and a 200 day moving average of $42.70.

Hedge Funds Weigh In On Simplify US Equity PLUS Convexity ETF

Hedge funds have recently added to or reduced their stakes in the stock. LifeWealth Investments LLC boosted its holdings in shares of Simplify US Equity PLUS Convexity ETF by 7.4% in the third quarter. LifeWealth Investments LLC now owns 6,170 shares of the company’s stock valued at $264,000 after buying an additional 426 shares during the period. Financial Enhancement Group LLC increased its holdings in Simplify US Equity PLUS Convexity ETF by 1.3% during the 4th quarter. Financial Enhancement Group LLC now owns 33,849 shares of the company’s stock worth $1,443,000 after purchasing an additional 438 shares in the last quarter. Aptus Capital Advisors LLC raised its stake in shares of Simplify US Equity PLUS Convexity ETF by 52.0% in the 4th quarter. Aptus Capital Advisors LLC now owns 2,553 shares of the company’s stock valued at $109,000 after purchasing an additional 873 shares during the period. Susquehanna International Group LLP lifted its holdings in shares of Simplify US Equity PLUS Convexity ETF by 16.3% in the third quarter. Susquehanna International Group LLP now owns 6,803 shares of the company’s stock valued at $292,000 after purchasing an additional 951 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Simplify US Equity PLUS Convexity ETF in the second quarter valued at about $48,000.

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.