Simplify Hedged Equity ETF (NYSEARCA:HEQT) Sees Significant Decline in Short Interest

Simplify Hedged Equity ETF (NYSEARCA:HEQT) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 4,924 shares, a decrease of 71.0% from the May 31st total of 17,002 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 67,769 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Simplify Hedged Equity ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HEQT. Private Advisor Group LLC increased its stake in Simplify Hedged Equity ETF by 466.8% during the fourth quarter. Private Advisor Group LLC now owns 1,120,557 shares of the company’s stock valued at $35,914,000 after acquiring an additional 922,843 shares during the period. Keudell Morrison Wealth Management bought a new stake in shares of Simplify Hedged Equity ETF in the 4th quarter worth approximately $16,574,000. Leo Wealth LLC bought a new stake in shares of Simplify Hedged Equity ETF in the 4th quarter worth approximately $10,625,000. Kovack Advisors Inc. acquired a new stake in shares of Simplify Hedged Equity ETF during the 4th quarter worth approximately $6,298,000. Finally, TSG Advice Partners LLC acquired a new stake in shares of Simplify Hedged Equity ETF during the 1st quarter worth approximately $5,848,000.

Simplify Hedged Equity ETF Stock Performance

Simplify Hedged Equity ETF stock opened at $33.33 on Friday. Simplify Hedged Equity ETF has a twelve month low of $29.84 and a twelve month high of $33.64. The firm has a market cap of $324.97 million, a PE ratio of 25.09 and a beta of 0.47. The firm’s 50 day moving average price is $33.18 and its two-hundred day moving average price is $32.47.

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.