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

Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 289 shares, a drop of 66.7% from the June 30th total of 869 shares. Based on an average trading volume of 9,815 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Simplify US Equity PLUS Downside Convexity ETF Price Performance

Shares of Simplify US Equity PLUS Downside Convexity ETF stock opened at $40.85 on Friday. Simplify US Equity PLUS Downside Convexity ETF has a twelve month low of $35.72 and a twelve month high of $42.29. The business has a 50-day moving average price of $41.36 and a 200 day moving average price of $39.69. The firm has a market cap of $104.17 million, a PE ratio of 28.26 and a beta of 0.75.

Institutional Trading of Simplify US Equity PLUS Downside Convexity ETF

Institutional investors have recently bought and sold shares of the business. LPL Financial LLC boosted its stake in shares of Simplify US Equity PLUS Downside Convexity ETF by 856.0% in the fourth quarter. LPL Financial LLC now owns 384,800 shares of the company’s stock worth $15,107,000 after acquiring an additional 344,548 shares during the last quarter. Ironsides Asset Advisors LLC raised its stake in Simplify US Equity PLUS Downside Convexity ETF by 21.9% in the 4th quarter. Ironsides Asset Advisors LLC now owns 104,611 shares of the company’s stock valued at $4,107,000 after purchasing an additional 18,772 shares during the last quarter. Evolution Wealth Management Inc. raised its stake in Simplify US Equity PLUS Downside Convexity ETF by 13.9% in the 1st quarter. Evolution Wealth Management Inc. now owns 130,790 shares of the company’s stock valued at $4,757,000 after purchasing an additional 15,984 shares during the last quarter. Jane Street Group LLC raised its stake in Simplify US Equity PLUS Downside Convexity ETF by 182.4% in the 1st quarter. Jane Street Group LLC now owns 20,967 shares of the company’s stock valued at $649,000 after purchasing an additional 13,543 shares during the last quarter. Finally, CWM LLC lifted its holdings in Simplify US Equity PLUS Downside Convexity ETF by 43.0% in the 4th quarter. CWM LLC now owns 43,586 shares of the company’s stock valued at $1,711,000 after purchasing an additional 13,103 shares in the last quarter.

About Simplify US Equity PLUS Downside Convexity ETF

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.