Short Interest in Simplify Hedged Equity ETF (NYSEARCA:HEQT) Grows By 3,157.0%

Simplify Hedged Equity ETF (NYSEARCA:HEQT) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 21,138 shares, a growth of 3,157.0% from the April 30th total of 649 shares. Based on an average daily volume of 27,708 shares, the short-interest ratio is currently 0.8 days. Currently, 0.2% of the company’s stock are sold short.

Hedge Funds Weigh In On Simplify Hedged Equity ETF

Several institutional investors have recently bought and sold shares of the company. Western Wealth Management LLC lifted its position in shares of Simplify Hedged Equity ETF by 5.9% during the 3rd quarter. Western Wealth Management LLC now owns 12,826 shares of the company’s stock valued at $401,000 after buying an additional 719 shares during the last quarter. Hilltop Holdings Inc. raised its holdings in shares of Simplify Hedged Equity ETF by 5.7% in the 3rd quarter. Hilltop Holdings Inc. now owns 15,722 shares of the company’s stock valued at $491,000 after acquiring an additional 851 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Simplify Hedged Equity ETF by 26.9% during the third quarter. JPMorgan Chase & Co. now owns 4,339 shares of the company’s stock valued at $136,000 after purchasing an additional 921 shares during the last quarter. Cambridge Advisors Inc. grew its position in Simplify Hedged Equity ETF by 3.1% in the fourth quarter. Cambridge Advisors Inc. now owns 32,539 shares of the company’s stock worth $1,043,000 after acquiring an additional 974 shares in the last quarter. Finally, Betterment LLC boosted its holdings in shares of Simplify Hedged Equity ETF by 12.1% in the 4th quarter. Betterment LLC now owns 9,316 shares of the company’s stock worth $299,000 after purchasing an additional 1,007 shares in the last quarter.

Simplify Hedged Equity ETF Price Performance

Shares of NYSEARCA HEQT opened at $33.36 on Thursday. The stock’s 50 day moving average price is $32.39 and its 200-day moving average price is $32.21. The company has a market capitalization of $325.26 million, a PE ratio of 25.09 and a beta of 0.48. Simplify Hedged Equity ETF has a twelve month low of $29.30 and a twelve month high of $33.46.

Simplify Hedged Equity ETF Company Profile

The Simplify Hedged Equity ETF (HEQT) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks capital appreciation by investing in ETFs that track the S&P 500 Index, while employing an options collar strategy. Each collar consists of an approximately 5% to 20% out-of-the-money put-spread. HEQT was launched on Nov 1, 2021 and is managed by Simplify.