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

Simplify US Equity PLUS Upside Convexity ETF (NYSEARCA:SPUC) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 168 shares, a decline of 75.0% from the April 30th total of 673 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 44,541 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. AE Wealth Management LLC grew its stake 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 valued at $4,338,000 after acquiring an additional 91,869 shares during the period. Lloyd Advisory Services LLC. bought a new position in shares of Simplify US Equity PLUS Upside Convexity ETF during the 4th quarter valued at approximately $1,597,000. Kingdom Financial Group LLC. bought a new position in shares of Simplify US Equity PLUS Upside Convexity ETF during the 4th quarter valued at approximately $85,000. Howard Bailey Securities LLC bought a new position in shares of Simplify US Equity PLUS Upside Convexity ETF during the 4th quarter valued at approximately $424,000. Finally, Great Lakes Retirement Inc. bought a new position in shares of Simplify US Equity PLUS Upside Convexity ETF during the 4th quarter valued at approximately $251,000.

Simplify US Equity PLUS Upside Convexity ETF Price Performance

Shares of NYSEARCA:SPUC traded up $0.13 during mid-day trading on Friday, reaching $49.89. 2,314 shares of the company traded hands, compared to its average volume of 9,132. The company’s 50 day moving average price is $47.30 and its 200-day moving average price is $47.61. The firm has a market cap of $116.24 million, a PE ratio of 21.23 and a beta of 1.25. Simplify US Equity PLUS Upside Convexity ETF has a 52 week low of $40.12 and a 52 week high of $52.08.

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.