Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) Short Interest Update

Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 684 shares, a decline of 80.9% from the June 15th total of 3,590 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 7,974 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Simplify U.S. Equity PLUS GBTC ETF

A number of institutional investors have recently modified their holdings of the stock. SFG Wealth Management LLC. purchased a new stake in shares of Simplify U.S. Equity PLUS GBTC ETF in the 3rd quarter worth approximately $4,452,000. WJ Wealth Management LLC purchased a new position in Simplify U.S. Equity PLUS GBTC ETF during the third quarter valued at approximately $2,760,000. Susquehanna International Group LLP purchased a new position in Simplify U.S. Equity PLUS GBTC ETF during the third quarter valued at approximately $1,044,000. Worth Asset Management LLC bought a new position in Simplify U.S. Equity PLUS GBTC ETF in the second quarter worth approximately $396,000. Finally, NewEdge Advisors LLC raised its stake in Simplify U.S. Equity PLUS GBTC ETF by 630.1% in the third quarter. NewEdge Advisors LLC now owns 9,418 shares of the company’s stock worth $422,000 after buying an additional 8,128 shares in the last quarter. 31.71% of the stock is owned by hedge funds and other institutional investors.

Simplify U.S. Equity PLUS GBTC ETF Trading Down 1.1%

Shares of NASDAQ SPBC traded down $0.53 during mid-day trading on Monday, reaching $47.53. The company had a trading volume of 9,256 shares, compared to its average volume of 7,008. The stock has a market cap of $44.21 million, a price-to-earnings ratio of 125.09 and a beta of 1.22. Simplify U.S. Equity PLUS GBTC ETF has a 52 week low of $40.29 and a 52 week high of $48.72. The business’s 50-day moving average is $47.61 and its 200-day moving average is $45.40.

Simplify U.S. Equity PLUS GBTC ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Thursday, June 25th. Simplify U.S. Equity PLUS GBTC ETF’s dividend payout ratio is currently 105.26%.

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.