Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) Sees Significant Growth in Short Interest

Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,644 shares, an increase of 166.5% from the April 30th total of 617 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 2,044 shares, the days-to-cover ratio is presently 0.8 days.

Simplify U.S. Equity PLUS GBTC ETF Trading Down 0.3%

NASDAQ:SPBC traded down $0.15 during midday trading on Monday, hitting $48.52. 1,270 shares of the company traded hands, compared to its average volume of 7,154. The firm has a market capitalization of $45.12 million, a P/E ratio of 127.68 and a beta of 1.22. The firm’s fifty day moving average is $45.33 and its 200-day moving average is $44.79. Simplify U.S. Equity PLUS GBTC ETF has a 12-month low of $39.20 and a 12-month high of $48.72.

Simplify U.S. Equity PLUS GBTC ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, March 26th. Simplify U.S. Equity PLUS GBTC ETF’s dividend payout ratio is 105.26%.

Institutional Trading of Simplify U.S. Equity PLUS GBTC ETF

Large investors have recently made changes to their positions in the stock. ARQ Wealth Advisors LLC lifted its holdings in Simplify U.S. Equity PLUS GBTC ETF by 11.5% during the 3rd quarter. ARQ Wealth Advisors LLC now owns 6,460 shares of the company’s stock valued at $290,000 after buying an additional 664 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Simplify U.S. Equity PLUS GBTC ETF by 630.1% during the third quarter. NewEdge Advisors LLC now owns 9,418 shares of the company’s stock worth $422,000 after acquiring an additional 8,128 shares during the period. Susquehanna International Group LLP bought a new stake in shares of Simplify U.S. Equity PLUS GBTC ETF during the third quarter valued at approximately $1,044,000. Chicago Partners Investment Group LLC boosted its holdings in shares of Simplify U.S. Equity PLUS GBTC ETF by 2.6% in the fourth quarter. Chicago Partners Investment Group LLC now owns 29,657 shares of the company’s stock valued at $1,341,000 after purchasing an additional 747 shares during the period. Finally, Total Clarity Wealth Management Inc. increased its holdings in Simplify U.S. Equity PLUS GBTC ETF by 19.7% during the 4th quarter. Total Clarity Wealth Management Inc. now owns 48,480 shares of the company’s stock worth $2,168,000 after purchasing an additional 7,962 shares during the period. 31.71% of the stock is owned by hedge funds and other institutional investors.

Simplify U.S. Equity PLUS GBTC ETF Company Profile

SP Bancorp, Inc is a non-diversified savings and loan holding company for SharePlus Federal Bank (the Bank). The Bank is a federally chartered savings bank. The Bank provides financial services to individuals, families and businesses through its six banking offices. The Bank’s business consists primarily of taking deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in mortgage loans secured by residential real estate, home equity loans and lines of credit, commercial real estate loans, consumer loans (consisting primarily of automobile loans) and commercial business loans.