Simplify Piper Sandler US Small-Cap PLUS Income ETF (NYSEARCA:LITL) Sees Large Growth in Short Interest

Simplify Piper Sandler US Small-Cap PLUS Income ETF (NYSEARCA:LITLGet Free Report) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 217 shares, an increase of 3,516.7% from the April 15th total of 6 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 2,159 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Simplify Piper Sandler US Small-Cap PLUS Income ETF stock. Envestnet Asset Management Inc. bought a new stake in Simplify Piper Sandler US Small-Cap PLUS Income ETF (NYSEARCA:LITLFree Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 52,403 shares of the company’s stock, valued at approximately $1,494,000. Envestnet Asset Management Inc. owned about 26.20% of Simplify Piper Sandler US Small-Cap PLUS Income ETF as of its most recent SEC filing. 0.13% of the stock is owned by institutional investors.

Simplify Piper Sandler US Small-Cap PLUS Income ETF Stock Performance

LITL traded down $0.03 during trading on Monday, reaching $31.50. The stock had a trading volume of 12,835 shares, compared to its average volume of 857. The stock has a market cap of $5.36 million, a PE ratio of 15.85 and a beta of 1.22. Simplify Piper Sandler US Small-Cap PLUS Income ETF has a one year low of $25.84 and a one year high of $31.64. The business has a 50-day moving average of $29.92 and a 200-day moving average of $29.73.

About Simplify Piper Sandler US Small-Cap PLUS Income ETF

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The Simplify Piper Sandler US Small-Cap PLUS Income ETF (LITL) is an actively managed exchange-traded fund that seeks to provide capital appreciation and income. The fund invests in U.S. small-cap equities that are well-positioned in the current business cycle and employs an options overlay strategy to enhance income.

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