Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) Short Interest Up 159.1% in July

Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 754 shares, a growth of 159.1% from the July 15th total of 291 shares. Based on an average daily volume of 7,292 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Simplify U.S. Equity PLUS GBTC ETF Stock Performance

NASDAQ:SPBC opened at $49.45 on Friday. Simplify U.S. Equity PLUS GBTC ETF has a 1 year low of $40.29 and a 1 year high of $49.63. The stock has a market capitalization of $45.99 million, a price-to-earnings ratio of 130.14 and a beta of 1.22. The stock has a fifty day moving average price of $47.59 and a two-hundred day moving average price of $45.83.

Simplify U.S. Equity PLUS GBTC ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.40 dividend on an annualized basis and a yield of 0.8%. Simplify U.S. Equity PLUS GBTC ETF’s dividend payout ratio (DPR) is 105.26%.

Hedge Funds Weigh In On Simplify U.S. Equity PLUS GBTC ETF

Several hedge funds have recently added to or reduced their stakes in the business. Private Advisor Group LLC raised its position in Simplify U.S. Equity PLUS GBTC ETF by 0.9% during the first quarter. Private Advisor Group LLC now owns 57,214 shares of the company’s stock worth $2,379,000 after acquiring an additional 498 shares during the last quarter. Chicago Partners Investment Group LLC grew its position in shares of Simplify U.S. Equity PLUS GBTC ETF by 2.6% in the fourth quarter. Chicago Partners Investment Group LLC now owns 29,657 shares of the company’s stock valued at $1,341,000 after purchasing an additional 747 shares during the last quarter. ARQ Wealth Advisors LLC increased its stake in shares of Simplify U.S. Equity PLUS GBTC ETF by 12.4% during the 4th quarter. ARQ Wealth Advisors LLC now owns 7,263 shares of the company’s stock worth $325,000 after purchasing an additional 803 shares in the last quarter. SFG Wealth Management LLC. increased its stake in shares of Simplify U.S. Equity PLUS GBTC ETF by 1.1% during the 4th quarter. SFG Wealth Management LLC. now owns 100,401 shares of the company’s stock worth $4,490,000 after purchasing an additional 1,132 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in shares of Simplify U.S. Equity PLUS GBTC ETF by 14.5% during the 1st quarter. NewEdge Advisors LLC now owns 14,259 shares of the company’s stock worth $593,000 after purchasing an additional 1,811 shares during the last quarter. 31.71% of the stock is currently owned by hedge funds and other institutional investors.

Simplify U.S. Equity PLUS GBTC ETF Company Profile

SP Bancorp, Inc is a non-diversified savings and loan holding company for SharePlus Federal Bank (the Bank). The Bank is a federally chartered savings bank. The Bank provides financial services to individuals, families and businesses through its six banking offices. The Bank’s business consists primarily of taking deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in mortgage loans secured by residential real estate, home equity loans and lines of credit, commercial real estate loans, consumer loans (consisting primarily of automobile loans) and commercial business loans.