Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) Short Interest Down 66.7% in July

Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 289 shares, a decline of 66.7% from the June 30th total of 869 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 9,815 shares, the short-interest ratio is presently 0.0 days.

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

A number of institutional investors and hedge funds have recently bought and sold shares of SPD. Independent Wealth Advisors LLC increased its position in Simplify US Equity PLUS Downside Convexity ETF by 3.9% during the first quarter. Independent Wealth Advisors LLC now owns 148,884 shares of the company’s stock worth $5,415,000 after buying an additional 5,613 shares in the last quarter. Elevated Capital Advisors LLC lifted its position in shares of Simplify US Equity PLUS Downside Convexity ETF by 54.4% in the first quarter. Elevated Capital Advisors LLC now owns 23,631 shares of the company’s stock valued at $859,000 after acquiring an additional 8,327 shares in the last quarter. Evolution Wealth Management Inc. boosted its stake in shares of Simplify US Equity PLUS Downside Convexity ETF by 13.9% during the first quarter. Evolution Wealth Management Inc. now owns 130,790 shares of the company’s stock valued at $4,757,000 after acquiring an additional 15,984 shares during the last quarter. Park Edge Advisors LLC boosted its stake in shares of Simplify US Equity PLUS Downside Convexity ETF by 2.6% during the first quarter. Park Edge Advisors LLC now owns 29,794 shares of the company’s stock valued at $1,084,000 after acquiring an additional 763 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Simplify US Equity PLUS Downside Convexity ETF by 4.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 255,478 shares of the company’s stock worth $10,030,000 after purchasing an additional 9,923 shares during the last quarter.

Simplify US Equity PLUS Downside Convexity ETF Price Performance

Shares of NYSEARCA SPD remained flat at $40.85 on Monday. 6,093 shares of the company’s stock traded hands, compared to its average volume of 12,856. The company has a 50-day simple moving average of $41.36 and a 200 day simple moving average of $39.69. The stock has a market cap of $104.17 million, a P/E ratio of 28.26 and a beta of 0.75. Simplify US Equity PLUS Downside Convexity ETF has a 12 month low of $35.72 and a 12 month high of $42.29.

About Simplify US Equity PLUS Downside Convexity ETF

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.