Simplify Piper Sandler US Small-Cap PLUS Income ETF (NYSEARCA:LITL) Sees Significant Decrease in Short Interest

Simplify Piper Sandler US Small-Cap PLUS Income ETF (NYSEARCA:LITL) saw a significant drop in short interest in May. As of May 29th, there was short interest totaling 6 shares, a drop of 92.6% from the May 14th total of 81 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 298 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On Simplify Piper Sandler US Small-Cap PLUS Income ETF

A hedge fund recently bought a new stake in Simplify Piper Sandler US Small-Cap PLUS Income ETF stock. Envestnet Asset Management Inc. acquired a new position in Simplify Piper Sandler US Small-Cap PLUS Income ETF (NYSEARCA:LITL) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 52,403 shares of the company’s stock, valued at approximately $1,494,000. Envestnet Asset Management Inc. owned approximately 26.20% of Simplify Piper Sandler US Small-Cap PLUS Income ETF as of its most recent SEC filing. 0.13% of the stock is currently owned by institutional investors.

Simplify Piper Sandler US Small-Cap PLUS Income ETF Trading Up 1.9%

LITL traded up $0.61 during trading on Thursday, hitting $32.30. 4,075 shares of the company traded hands, compared to its average volume of 974. The company has a market cap of $5.49 million, a PE ratio of 15.85 and a beta of 0.79. The stock’s 50-day simple moving average is $30.95 and its two-hundred day simple moving average is $30.24. Simplify Piper Sandler US Small-Cap PLUS Income ETF has a 1 year low of $26.01 and a 1 year high of $32.30.

About Simplify Piper Sandler US Small-Cap PLUS Income ETF

The Simplify Piper Sandler US Small-Cap PLUS Income ETF (LITL) is an actively managed exchange-traded fund that seeks to provide capital appreciation and income. The fund invests in U.S. small-cap equities that are well-positioned in the current business cycle and employs an options overlay strategy to enhance income.