Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) Sees Large Drop in Short Interest

Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 869 shares, a decrease of 61.5% from the June 15th total of 2,255 shares. Based on an average daily volume of 8,072 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Simplify US Equity PLUS Downside Convexity ETF Price Performance

Shares of SPD opened at $41.84 on Monday. Simplify US Equity PLUS Downside Convexity ETF has a 12-month low of $35.72 and a 12-month high of $42.29. The business’s fifty day moving average is $41.25 and its 200 day moving average is $39.57. The stock has a market cap of $106.69 million, a P/E ratio of 28.26 and a beta of 0.75.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Networth Advisors LLC purchased a new stake in shares of Simplify US Equity PLUS Downside Convexity ETF during the 4th quarter valued at $27,000. Kingdom Financial Group LLC. purchased a new position in shares of Simplify US Equity PLUS Downside Convexity ETF in the 4th quarter worth about $83,000. Osaic Holdings Inc. grew its position in Simplify US Equity PLUS Downside Convexity ETF by 21.8% during the second quarter. Osaic Holdings Inc. now owns 7,218 shares of the company’s stock valued at $265,000 after buying an additional 1,291 shares during the period. Centennial Advisors LLC bought a new position in Simplify US Equity PLUS Downside Convexity ETF during the fourth quarter valued at about $324,000. Finally, Susquehanna International Group LLP purchased a new stake in Simplify US Equity PLUS Downside Convexity ETF during the third quarter worth about $456,000.

Simplify US Equity PLUS Downside Convexity ETF Company Profile

The Simplify US Equity PLUS Downside Convexity ETF (SPD) 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 US large-cap stocks while applying a downside options overlay strategy. SPD was launched on Sep 3, 2020 and is managed by Simplify.