Simplify US Equity PLUS Upside Convexity ETF (NYSEARCA:SPUC) Short Interest Up 67,200.0% in April

Simplify US Equity PLUS Upside Convexity ETF (NYSEARCA:SPUC) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 673 shares, an increase of 67,200.0% from the April 15th total of 1 shares. Based on an average daily volume of 8,949 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Simplify US Equity PLUS Upside Convexity ETF Price Performance

SPUC stock traded up $0.05 during midday trading on Monday, hitting $49.19. The stock had a trading volume of 2,296 shares, compared to its average volume of 10,193. The firm has a market cap of $114.61 million, a PE ratio of 21.23 and a beta of 1.25. Simplify US Equity PLUS Upside Convexity ETF has a 12-month low of $39.05 and a 12-month high of $52.08. The company’s 50-day moving average price is $46.21 and its 200 day moving average price is $47.75.

Institutional Trading of Simplify US Equity PLUS Upside Convexity ETF

Several institutional investors have recently made changes to their positions in the stock. MML Investors Services LLC grew its stake in shares of Simplify US Equity PLUS Upside Convexity ETF by 8.9% during the 4th quarter. MML Investors Services LLC now owns 5,736 shares of the company’s stock valued at $267,000 after buying an additional 467 shares during the period. Kingdom Financial Group LLC. acquired a new position in shares of Simplify US Equity PLUS Upside Convexity ETF during the 4th quarter valued at $85,000. Kestra Advisory Services LLC acquired a new position in Simplify US Equity PLUS Upside Convexity ETF in the 4th quarter worth $86,000. Bank of America Corp DE acquired a new position in Simplify US Equity PLUS Upside Convexity ETF in the 3rd quarter worth $162,000. Finally, LifeWealth Investments LLC acquired a new position in Simplify US Equity PLUS Upside Convexity ETF in the 4th quarter worth $219,000.

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.