Simplify Gamma Emerging Market Bond ETF (NYSEARCA:GAEM – Get Free Report) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 6,278 shares, an increase of 104.9% from the May 14th total of 3,064 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 5,002 shares, the short-interest ratio is presently 1.3 days.
Simplify Gamma Emerging Market Bond ETF Stock Performance
GAEM traded up $0.04 during midday trading on Friday, reaching $27.00. 2,735 shares of the company’s stock were exchanged, compared to its average volume of 11,028. The business’s 50-day moving average price is $26.69 and its 200 day moving average price is $26.62. Simplify Gamma Emerging Market Bond ETF has a 1-year low of $25.45 and a 1-year high of $27.12.
Hedge Funds Weigh In On Simplify Gamma Emerging Market Bond ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AE Wealth Management LLC raised its position in Simplify Gamma Emerging Market Bond ETF by 15.4% during the fourth quarter. AE Wealth Management LLC now owns 218,261 shares of the company’s stock worth $5,812,000 after acquiring an additional 29,174 shares during the last quarter. Inspire Advisors LLC acquired a new position in shares of Simplify Gamma Emerging Market Bond ETF in the fourth quarter valued at approximately $3,475,000. Beacon Capital Management LLC acquired a new position in shares of Simplify Gamma Emerging Market Bond ETF in the third quarter valued at approximately $3,313,000. Elevated Capital Advisors LLC raised its position in shares of Simplify Gamma Emerging Market Bond ETF by 2.3% in the first quarter. Elevated Capital Advisors LLC now owns 93,843 shares of the company’s stock valued at $2,430,000 after buying an additional 2,123 shares during the last quarter. Finally, Key Capital Management INC acquired a new position in shares of Simplify Gamma Emerging Market Bond ETF in the fourth quarter valued at approximately $1,131,000.
Simplify Gamma Emerging Market Bond ETF Company Profile
The Simplify Gamma Emerging Market Bond ETF (GAEM) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking income and capital appreciation through investments in emerging markets debts. Fixed-income securities are not restricted in terms of maturity or credit rating. GAEM was launched on Aug 12, 2024 and is issued by Simplify.
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