Simplify Gold Strategy PLUS Income ETF (NYSEARCA:YGLD) Sees Significant Growth in Short Interest

Simplify Gold Strategy PLUS Income ETF (NYSEARCA:YGLD) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 14,037 shares, an increase of 450.5% from the May 14th total of 2,550 shares. Based on an average daily trading volume, of 16,637 shares, the days-to-cover ratio is currently 0.8 days. Currently, 1.1% of the shares of the stock are sold short.

Simplify Gold Strategy PLUS Income ETF Trading Down 5.6%

Shares of YGLD stock traded down $1.94 during mid-day trading on Wednesday, reaching $32.46. The stock had a trading volume of 17,436 shares, compared to its average volume of 27,479. Simplify Gold Strategy PLUS Income ETF has a 12-month low of $32.03 and a 12-month high of $59.22. The business has a 50-day simple moving average of $39.39 and a 200 day simple moving average of $43.87.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in YGLD. Cambridge Advisors Inc. increased its position in shares of Simplify Gold Strategy PLUS Income ETF by 23.5% in the fourth quarter. Cambridge Advisors Inc. now owns 11,640 shares of the company’s stock valued at $485,000 after buying an additional 2,216 shares in the last quarter. Reyes Financial Architecture Inc. purchased a new position in shares of Simplify Gold Strategy PLUS Income ETF in the fourth quarter valued at $907,000. Jane Street Group LLC acquired a new stake in shares of Simplify Gold Strategy PLUS Income ETF during the fourth quarter valued at $262,000. OLD Mission Capital LLC acquired a new stake in shares of Simplify Gold Strategy PLUS Income ETF during the fourth quarter valued at $433,000. Finally, Quantinno Capital Management LP acquired a new stake in shares of Simplify Gold Strategy PLUS Income ETF during the first quarter valued at $267,000.

About Simplify Gold Strategy PLUS Income ETF

The Simplify Gold Strategy PLUS Income ETF (YGLD) is an exchange-traded fund that mostly invests in gold commodities. The fund is an actively managed fund that seeks capital appreciation and income. The fund aims to provide 150% gold exposure while holding near-term, index-based put or call spreads. YGLD was launched on Dec 2, 2024 and is issued by Simplify.