Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) Short Interest Down 73.4% in March

Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) saw a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 3,576 shares, a decline of 73.4% from the February 26th total of 13,444 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 30,925 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Networth Advisors LLC bought a new position in Simplify US Equity PLUS Downside Convexity ETF during the 4th quarter worth $27,000. Transce3nd LLC bought a new stake in Simplify US Equity PLUS Downside Convexity ETF in the second quarter valued at $30,000. Kingdom Financial Group LLC. acquired a new position in shares of Simplify US Equity PLUS Downside Convexity ETF during the fourth quarter valued at $83,000. Great Lakes Retirement Inc. acquired a new position in shares of Simplify US Equity PLUS Downside Convexity ETF during the third quarter valued at $207,000. Finally, Osaic Holdings Inc. grew its position in shares of Simplify US Equity PLUS Downside Convexity ETF by 21.8% during 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 last quarter.

Simplify US Equity PLUS Downside Convexity ETF Price Performance

NYSEARCA:SPD traded down $0.59 during mid-day trading on Thursday, reaching $36.31. The stock had a trading volume of 19,987 shares, compared to its average volume of 15,901. The company has a market capitalization of $107.84 million, a price-to-earnings ratio of 28.26 and a beta of 0.74. Simplify US Equity PLUS Downside Convexity ETF has a 1-year low of $29.54 and a 1-year high of $41.20. The stock’s 50 day simple moving average is $38.58 and its two-hundred day simple moving average is $39.17.

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.