Simplify US Equity PLUS Upside Convexity ETF (NYSEARCA:SPUC) Sees Significant Increase in Short Interest

Simplify US Equity PLUS Upside Convexity ETF (NYSEARCA:SPUC) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 8,150 shares, an increase of 11,064.4% from the July 15th total of 73 shares. Based on an average daily trading volume, of 384,014 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.3% of the shares of the company are sold short.

Simplify US Equity PLUS Upside Convexity ETF Trading Down 0.3%

SPUC stock traded down $0.13 during trading hours on Tuesday, hitting $50.28. 20,340 shares of the stock were exchanged, compared to its average volume of 38,765. The firm has a market capitalization of $158.38 million, a P/E ratio of 21.23 and a beta of 1.24. The company has a 50-day simple moving average of $49.21 and a two-hundred day simple moving average of $47.81. Simplify US Equity PLUS Upside Convexity ETF has a 12 month low of $42.89 and a 12 month high of $52.08.

Hedge Funds Weigh In On Simplify US Equity PLUS Upside Convexity ETF

Hedge funds have recently bought and sold shares of the business. Commonwealth Equity Services LLC raised its stake in Simplify US Equity PLUS Upside Convexity ETF by 6.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 227,107 shares of the company’s stock worth $10,582,000 after purchasing an additional 14,014 shares in the last quarter. AE Wealth Management LLC grew its position in shares of Simplify US Equity PLUS Upside Convexity ETF by 7,426.8% during the 4th quarter. AE Wealth Management LLC now owns 93,106 shares of the company’s stock worth $4,338,000 after purchasing an additional 91,869 shares in the last quarter. Lloyd Advisory Services LLC. bought a new position in shares of Simplify US Equity PLUS Upside Convexity ETF during the fourth quarter worth approximately $1,597,000. Elevated Capital Advisors LLC bought a new position in shares of Simplify US Equity PLUS Upside Convexity ETF during the first quarter worth approximately $514,000. Finally, B.O.S.S. Retirement Advisors LLC acquired a new stake in shares of Simplify US Equity PLUS Upside Convexity ETF in the fourth quarter valued at approximately $479,000.

Simplify US Equity PLUS Upside Convexity ETF Company Profile

The Simplify US Equity PLUS Upside Convexity ETF (SPUC) is an exchange-traded fund that is based on the S&P 500 index. The fund is actively managed to provide exposure to the S&P 500 stocks while applying an upside options overlay strategy. SPUC was launched on Sep 3, 2020 and is managed by Simplify.