Simplify US Equity PLUS Upside Convexity ETF (NYSEARCA:SPUC – Get Free Report) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 15,428 shares, an increase of 89.3% from the July 30th total of 8,150 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 28,703 shares, the short-interest ratio is currently 0.5 days.
Simplify US Equity PLUS Upside Convexity ETF Price Performance
NYSEARCA SPUC traded down $0.20 on Monday, hitting $49.36. 21,446 shares of the stock were exchanged, compared to its average volume of 38,719. The company has a market capitalization of $155.48 million, a PE ratio of 21.23 and a beta of 1.24. The business’s fifty day moving average is $49.45 and its 200 day moving average is $48.08. Simplify US Equity PLUS Upside Convexity ETF has a 52 week low of $42.89 and a 52 week high of $52.08.
Institutional Investors Weigh In On Simplify US Equity PLUS Upside Convexity ETF
A number of institutional investors and hedge funds have recently modified their holdings of the company. Kingdom Financial Group LLC. acquired a new stake in Simplify US Equity PLUS Upside Convexity ETF in the 4th quarter valued at about $85,000. Kestra Advisory Services LLC bought a new position in Simplify US Equity PLUS Upside Convexity ETF during the fourth quarter worth about $86,000. Bank of America Corp DE acquired a new position in Simplify US Equity PLUS Upside Convexity ETF during the third quarter worth approximately $162,000. Great Lakes Retirement Inc. acquired a new position in Simplify US Equity PLUS Upside Convexity ETF during the fourth quarter worth approximately $251,000. Finally, MML Investors Services LLC increased its position in Simplify US Equity PLUS Upside Convexity ETF by 8.9% during the fourth quarter. MML Investors Services LLC now owns 5,736 shares of the company’s stock worth $267,000 after buying an additional 467 shares during the last quarter.
Simplify US Equity PLUS Upside Convexity ETF Company Profile
The Simplify US Equity PLUS Upside Convexity ETF (SPUC) is an exchange-traded fund that is based on the S&P 500 index. The fund is actively managed to provide exposure to the S&P 500 stocks while applying an upside options overlay strategy. SPUC was launched on Sep 3, 2020 and is managed by Simplify.
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