Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) Shares Shorted: Short Interest Down 75.8% in October

Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) was the recipient of a large decline in short interest during the month of October. As of October 30th, there was short interest totaling 864 shares, a decline of 75.8% from the October 15th total of 3,566 shares. Based on an average daily trading volume, of 27,398 shares, the short-interest ratio is presently 0.0 days. Approximately 0.1% of the company’s stock are sold short.

Simplify US Equity PLUS Convexity ETF Price Performance

Shares of NYSEARCA:SPYC opened at $44.34 on Thursday. The company’s 50-day moving average price is $45.57 and its two-hundred day moving average price is $44.35. Simplify US Equity PLUS Convexity ETF has a one year low of $38.50 and a one year high of $48.96. The stock has a market capitalization of $68.73 million, a PE ratio of 26.87 and a beta of 0.98.

Institutional Trading of Simplify US Equity PLUS Convexity ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC bought a new stake in Simplify US Equity PLUS Convexity ETF during the third quarter worth about $12,653,000. Integrated Wealth Concepts LLC boosted its position in Simplify US Equity PLUS Convexity ETF by 11.5% during the second quarter. Integrated Wealth Concepts LLC now owns 326,608 shares of the company’s stock valued at $14,920,000 after purchasing an additional 33,569 shares during the last quarter. Envestnet Asset Management Inc. acquired a new position in Simplify US Equity PLUS Convexity ETF during the second quarter valued at approximately $347,000. Finally, Montgomery Financial Services LLC acquired a new position in Simplify US Equity PLUS Convexity ETF during the second quarter valued at approximately $60,000.

Simplify US Equity PLUS Convexity ETF Company Profile

The Simplify US Equity PLUS Convexity ETF (SPYC) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively managed, fund-of-funds that provides exposure to the S&P 500 with a systematic options overlay strategy. The overlay strategy seeks to enhance upside potential and hedge downside risk. SPYC was launched on Sep 3, 2020 and is managed by Simplify.