Simplify Currency Strategy ETF (NYSEARCA:FOXY) Short Interest Down 59.8% in May

Simplify Currency Strategy ETF (NYSEARCA:FOXY) was the recipient of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 43,445 shares, a decrease of 59.8% from the May 14th total of 107,971 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average daily volume of 43,880 shares, the short-interest ratio is presently 1.0 days.

Simplify Currency Strategy ETF Stock Performance

Shares of FOXY stock opened at $28.96 on Friday. Simplify Currency Strategy ETF has a 1 year low of $25.87 and a 1 year high of $32.20. The business’s fifty day moving average is $29.22 and its 200-day moving average is $28.85.

Institutional Investors Weigh In On Simplify Currency Strategy ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Sound Income Strategies LLC bought a new position in shares of Simplify Currency Strategy ETF during the 4th quarter valued at about $26,000. Bank of America Corp DE lifted its stake in Simplify Currency Strategy ETF by 2.0% during the third quarter. Bank of America Corp DE now owns 51,000 shares of the company’s stock valued at $1,406,000 after purchasing an additional 1,000 shares during the last quarter. Encompass More Asset Management lifted its stake in Simplify Currency Strategy ETF by 7.7% during the fourth quarter. Encompass More Asset Management now owns 26,768 shares of the company’s stock valued at $728,000 after purchasing an additional 1,917 shares during the last quarter. Decker Retirement Planning Inc. boosted its holdings in Simplify Currency Strategy ETF by 29.0% during the first quarter. Decker Retirement Planning Inc. now owns 8,951 shares of the company’s stock worth $262,000 after buying an additional 2,014 shares in the last quarter. Finally, Kestra Private Wealth Services LLC acquired a new position in Simplify Currency Strategy ETF in the fourth quarter worth approximately $208,000.

About Simplify Currency Strategy ETF

The Simplify Currency Strategy ETF (FOXY) is an exchange-traded fund that mostly invests in long global basket, short usd currency. The fund is an actively managed fund with long and short exposures in foreign currencies through forward contracts and swaps, as well as futures contracts. It employs a combination of mean-reversion strategy for G10 currencies and a carry strategy for emerging market currencies. FOXY was launched on Feb 3, 2025 and is issued by Simplify.