Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) Short Interest Down 57.5% in July

Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 291 shares, a decline of 57.5% from the June 30th total of 684 shares. Based on an average daily volume of 5,708 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SPBC. SFG Wealth Management LLC. bought a new position in Simplify U.S. Equity PLUS GBTC ETF in the 3rd quarter worth $4,452,000. WJ Wealth Management LLC acquired a new position in Simplify U.S. Equity PLUS GBTC ETF during the 3rd quarter worth $2,760,000. Susquehanna International Group LLP bought a new stake in Simplify U.S. Equity PLUS GBTC ETF during the third quarter valued at about $1,044,000. NewEdge Advisors LLC boosted its holdings in Simplify U.S. Equity PLUS GBTC ETF by 32.2% during the fourth quarter. NewEdge Advisors LLC now owns 12,448 shares of the company’s stock valued at $557,000 after acquiring an additional 3,030 shares during the period. Finally, Professional Financial Advisors LLC grew its position in shares of Simplify U.S. Equity PLUS GBTC ETF by 2.9% in the second quarter. Professional Financial Advisors LLC now owns 130,926 shares of the company’s stock valued at $6,179,000 after purchasing an additional 3,742 shares during the last quarter. 31.71% of the stock is currently owned by institutional investors and hedge funds.

Simplify U.S. Equity PLUS GBTC ETF Stock Up 0.0%

Shares of Simplify U.S. Equity PLUS GBTC ETF stock opened at $47.06 on Monday. Simplify U.S. Equity PLUS GBTC ETF has a 12-month low of $40.29 and a 12-month high of $48.72. The stock has a 50 day moving average price of $47.55 and a two-hundred day moving average price of $45.55. The stock has a market capitalization of $43.77 million, a P/E ratio of 123.84 and a beta of 1.22.

Simplify U.S. Equity PLUS GBTC ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, June 25th. Simplify U.S. Equity PLUS GBTC ETF’s payout ratio is presently 105.26%.

Simplify U.S. Equity PLUS GBTC ETF Company Profile

SP Bancorp, Inc is a non-diversified savings and loan holding company for SharePlus Federal Bank (the Bank). The Bank is a federally chartered savings bank. The Bank provides financial services to individuals, families and businesses through its six banking offices. The Bank’s business consists primarily of taking deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in mortgage loans secured by residential real estate, home equity loans and lines of credit, commercial real estate loans, consumer loans (consisting primarily of automobile loans) and commercial business loans.