Simplify Currency Strategy ETF (NYSEARCA:FOXY – Get Free Report) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 105,216 shares, a growth of 5,179.3% from the September 30th total of 1,993 shares. Based on an average trading volume of 55,092 shares, the days-to-cover ratio is currently 1.9 days. Approximately 1.3% of the shares of the stock are short sold.
Hedge Funds Weigh In On Simplify Currency Strategy ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gradient Investments LLC acquired a new position in Simplify Currency Strategy ETF in the 3rd quarter valued at approximately $44,870,000. Bank of America Corp DE grew its stake in Simplify Currency Strategy ETF by 441.2% during the first quarter. Bank of America Corp DE now owns 276,000 shares of the company’s stock worth $8,070,000 after buying an additional 225,000 shares during the last quarter. Elevated Capital Advisors LLC acquired a new stake in Simplify Currency Strategy ETF during the 1st quarter valued at $7,132,000. Envestnet Asset Management Inc. lifted its position in Simplify Currency Strategy ETF by 91.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 147,884 shares of the company’s stock worth $4,405,000 after buying an additional 70,673 shares in the last quarter. Finally, Sax Wealth Advisors LLC acquired a new position in Simplify Currency Strategy ETF during the 3rd quarter worth $3,139,000.
Simplify Currency Strategy ETF Trading Down 0.2%
NYSEARCA:FOXY traded down $0.06 during trading hours on Tuesday, reaching $26.66. 5,577 shares of the company’s stock were exchanged, compared to its average volume of 68,641. The business’s 50-day simple moving average is $27.48 and its two-hundred day simple moving average is $28.67. Simplify Currency Strategy ETF has a 12 month low of $26.60 and a 12 month high of $32.20.
About Simplify Currency Strategy ETF
The Simplify Currency Strategy ETF (FOXY) is an exchange-traded fund that mostly invests in long global basket, short usd currency. The fund is an actively managed fund with long and short exposures in foreign currencies through forward contracts and swaps, as well as futures contracts. It employs a combination of mean-reversion strategy for G10 currencies and a carry strategy for emerging market currencies. FOXY was launched on Feb 3, 2025 and is issued by Simplify.
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