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

Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) saw a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 12,402 shares, a decline of 19.7% from the January 15th total of 15,447 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 10,515 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily trading volume, of 10,515 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.5% of the shares of the company are short sold.

Simplify US Equity PLUS Convexity ETF Trading Down 0.0%

Shares of NYSEARCA:SPYC traded down $0.01 during midday trading on Monday, hitting $41.94. The stock had a trading volume of 7,816 shares, compared to its average volume of 9,567. Simplify US Equity PLUS Convexity ETF has a 1 year low of $30.67 and a 1 year high of $45.21. The stock has a 50 day moving average price of $42.93 and a two-hundred day moving average price of $42.62. The company has a market capitalization of $95.62 million, a PE ratio of 26.87 and a beta of 0.98.

Hedge Funds Weigh In On Simplify US Equity PLUS Convexity ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in SPYC. Aptus Capital Advisors LLC increased its holdings in Simplify US Equity PLUS Convexity ETF by 52.0% in the fourth quarter. Aptus Capital Advisors LLC now owns 2,553 shares of the company’s stock valued at $109,000 after buying an additional 873 shares in the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of Simplify US Equity PLUS Convexity ETF by 29.3% in the 4th quarter. Integrated Wealth Concepts LLC now owns 323,898 shares of the company’s stock worth $13,845,000 after acquiring an additional 73,490 shares during the period. Howard Bailey Securities LLC increased its stake in Simplify US Equity PLUS Convexity ETF by 13.4% in the 4th quarter. Howard Bailey Securities LLC now owns 11,046 shares of the company’s stock valued at $472,000 after purchasing an additional 1,309 shares in the last quarter. Evolution Wealth Management Inc. increased its stake in Simplify US Equity PLUS Convexity ETF by 7.2% in the 4th quarter. Evolution Wealth Management Inc. now owns 74,961 shares of the company’s stock valued at $3,204,000 after purchasing an additional 5,020 shares in the last quarter. Finally, Lloyd Advisory Services LLC. raised its holdings in Simplify US Equity PLUS Convexity ETF by 6.5% during the fourth quarter. Lloyd Advisory Services LLC. now owns 40,423 shares of the company’s stock worth $1,728,000 after purchasing an additional 2,460 shares during the last quarter.

Simplify US Equity PLUS Convexity ETF Company Profile

The Simplify US Equity PLUS Convexity ETF (SPYC) 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 the S&P 500 with a systematic options overlay strategy. The overlay strategy seeks to enhance upside potential and hedge downside risk. SPYC was launched on Sep 3, 2020 and is managed by Simplify.