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

Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 11,700 shares, an increase of 172.1% from the August 31st total of 4,300 shares. Based on an average daily volume of 9,500 shares, the days-to-cover ratio is currently 1.2 days. Based on an average daily volume of 9,500 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Transce3nd LLC purchased a new position in shares of Simplify US Equity PLUS Downside Convexity ETF in the 2nd quarter valued at about $30,000. US Bancorp DE increased its holdings in shares of Simplify US Equity PLUS Downside Convexity ETF by 178.0% in the 1st quarter. US Bancorp DE now owns 1,707 shares of the company’s stock valued at $53,000 after acquiring an additional 1,093 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Simplify US Equity PLUS Downside Convexity ETF in the 4th quarter valued at about $248,000. Osaic Holdings Inc. increased its holdings in shares of Simplify US Equity PLUS Downside Convexity ETF by 21.8% in the 2nd quarter. Osaic Holdings Inc. now owns 7,218 shares of the company’s stock valued at $265,000 after acquiring an additional 1,291 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC purchased a new position in shares of Simplify US Equity PLUS Downside Convexity ETF in the 1st quarter valued at about $272,000.

Simplify US Equity PLUS Downside Convexity ETF Price Performance

Shares of NYSEARCA SPD opened at $39.70 on Friday. Simplify US Equity PLUS Downside Convexity ETF has a 1-year low of $29.54 and a 1-year high of $39.96. The company has a market cap of $97.27 million, a price-to-earnings ratio of 28.26 and a beta of 0.66. The stock’s 50-day moving average is $38.57 and its two-hundred day moving average is $36.54.

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.