Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) Sees Significant Decrease in Short Interest

Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) was the target of a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 9,403 shares, a decrease of 22.1% from the February 26th total of 12,063 shares. Based on an average daily trading volume, of 5,831 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.4% of the company’s stock are short sold.

Simplify US Equity PLUS Convexity ETF Stock Performance

Shares of Simplify US Equity PLUS Convexity ETF stock opened at $38.74 on Friday. The stock has a market capitalization of $88.33 million, a PE ratio of 26.87 and a beta of 0.98. Simplify US Equity PLUS Convexity ETF has a 52 week low of $30.67 and a 52 week high of $45.21. The stock has a 50 day moving average price of $41.79 and a two-hundred day moving average price of $42.57.

Institutional Trading of Simplify US Equity PLUS Convexity ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new position in shares of Simplify US Equity PLUS Convexity ETF during the second quarter valued at approximately $48,000. Osaic Holdings Inc. purchased a new stake in Simplify US Equity PLUS Convexity ETF in the 2nd quarter valued at $67,000. Kingdom Financial Group LLC. purchased a new stake in Simplify US Equity PLUS Convexity ETF in the 4th quarter valued at $79,000. Aptus Capital Advisors LLC lifted its stake in Simplify US Equity PLUS Convexity ETF by 52.0% during the 4th quarter. Aptus Capital Advisors LLC now owns 2,553 shares of the company’s stock valued at $109,000 after acquiring an additional 873 shares in the last quarter. Finally, Modern Wealth Management LLC bought a new position in Simplify US Equity PLUS Convexity ETF during the 2nd quarter valued at $230,000.

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.