Short Interest in Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) Drops By 22.3%

Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) saw a large decline in short interest in December. As of December 31st, there was short interest totaling 12,656 shares, a decline of 22.3% from the December 15th total of 16,286 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 22,031 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 22,031 shares, the short-interest ratio is presently 0.6 days. Approximately 0.4% of the company’s stock are sold short.

Simplify US Equity PLUS Downside Convexity ETF Trading Up 0.1%

NYSEARCA:SPD traded up $0.03 on Monday, reaching $39.68. 22,990 shares of the stock traded hands, compared to its average volume of 20,499. Simplify US Equity PLUS Downside Convexity ETF has a 12 month low of $29.54 and a 12 month high of $41.20. The company has a market capitalization of $117.85 million, a price-to-earnings ratio of 28.26 and a beta of 0.74. The company’s fifty day simple moving average is $39.49 and its 200 day simple moving average is $39.03.

Institutional Investors Weigh In On Simplify US Equity PLUS Downside Convexity ETF

Several institutional investors have recently modified their holdings of the business. Transce3nd LLC bought a new stake in Simplify US Equity PLUS Downside Convexity ETF in the 2nd quarter worth about $30,000. Great Lakes Retirement Inc. bought a new stake in shares of Simplify US Equity PLUS Downside Convexity ETF in the third quarter worth approximately $207,000. Osaic Holdings Inc. grew its stake in shares of Simplify US Equity PLUS Downside Convexity ETF by 21.8% in the second quarter. Osaic Holdings Inc. now owns 7,218 shares of the company’s stock worth $265,000 after acquiring an additional 1,291 shares during the period. LifeWealth Investments LLC purchased a new position in shares of Simplify US Equity PLUS Downside Convexity ETF during the second quarter valued at approximately $416,000. Finally, Susquehanna International Group LLP bought a new position in Simplify US Equity PLUS Downside Convexity ETF during the third quarter valued at approximately $456,000.

Simplify US Equity PLUS Downside Convexity ETF Company Profile

The Simplify US Equity PLUS Downside Convexity ETF (SPD) 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 US large-cap stocks while applying a downside options overlay strategy. SPD was launched on Sep 3, 2020 and is managed by Simplify.