Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) Short Interest Down 61.4% in August

Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) saw a large decline in short interest in August. As of August 14th, there was short interest totaling 7,171 shares, a decline of 61.4% from the July 30th total of 18,558 shares. Based on an average daily trading volume, of 19,449 shares, the short-interest ratio is currently 0.4 days. Currently, 0.3% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SPYC. Raymond James Financial Inc. acquired a new stake in Simplify US Equity PLUS Convexity ETF during the 2nd quarter worth $48,000. Montgomery Financial Services LLC purchased a new position in shares of Simplify US Equity PLUS Convexity ETF in the second quarter worth about $60,000. Osaic Holdings Inc. purchased a new position in shares of Simplify US Equity PLUS Convexity ETF in the second quarter worth about $67,000. Kingdom Financial Group LLC. purchased a new position in shares of Simplify US Equity PLUS Convexity ETF in the fourth quarter worth about $79,000. Finally, Aptus Capital Advisors LLC boosted its position in Simplify US Equity PLUS Convexity ETF by 52.0% during the fourth quarter. Aptus Capital Advisors LLC now owns 2,553 shares of the company’s stock worth $109,000 after acquiring an additional 873 shares during the last quarter.

Simplify US Equity PLUS Convexity ETF Stock Down 0.4%

Shares of Simplify US Equity PLUS Convexity ETF stock traded down $0.19 during mid-day trading on Friday, reaching $46.81. 4,120 shares of the stock traded hands, compared to its average volume of 9,780. The stock has a market capitalization of $115.62 million, a PE ratio of 26.87 and a beta of 0.99. The business has a 50-day moving average of $45.97 and a 200 day moving average of $43.95. Simplify US Equity PLUS Convexity ETF has a fifty-two week low of $38.50 and a fifty-two week high of $48.96.

Simplify US Equity PLUS Convexity ETF Company Profile

The Simplify US Equity PLUS Convexity ETF (SPYC) 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 the S&P 500 with a systematic options overlay strategy. The overlay strategy seeks to enhance upside potential and hedge downside risk. SPYC was launched on Sep 3, 2020 and is managed by Simplify.