Simplify Hedged Equity ETF (NYSEARCA:HEQT – Get Free Report) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 46,383 shares, a drop of 64.8% from the September 30th total of 131,815 shares. Based on an average trading volume of 63,677 shares, the short-interest ratio is currently 0.7 days. Approximately 0.5% of the company’s stock are sold short.
Simplify Hedged Equity ETF Trading Down 1.3%
Shares of HEQT stock traded down $0.46 during midday trading on Friday, reaching $34.19. 49,339 shares of the stock were exchanged, compared to its average volume of 72,582. The company’s 50 day moving average is $34.46 and its two-hundred day moving average is $33.27. Simplify Hedged Equity ETF has a 1 year low of $30.72 and a 1 year high of $34.98. The firm has a market cap of $312.84 million, a PE ratio of 25.09 and a beta of 0.47.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. ARQ Wealth Advisors LLC boosted its position in shares of Simplify Hedged Equity ETF by 10.8% in the first quarter. ARQ Wealth Advisors LLC now owns 302,463 shares of the company’s stock worth $9,528,000 after acquiring an additional 29,412 shares during the last quarter. Independent Wealth Advisors LLC increased its position in shares of Simplify Hedged Equity ETF by 5.7% during the first quarter. Independent Wealth Advisors LLC now owns 185,810 shares of the company’s stock worth $5,853,000 after acquiring an additional 10,054 shares in the last quarter. TSG Advice Partners LLC bought a new position in shares of Simplify Hedged Equity ETF during the first quarter worth approximately $5,848,000. Envestnet Asset Management Inc. boosted its holdings in Simplify Hedged Equity ETF by 13.2% in the second quarter. Envestnet Asset Management Inc. now owns 152,958 shares of the company’s stock valued at $5,130,000 after acquiring an additional 17,893 shares during the last quarter. Finally, Financial Enhancement Group LLC raised its stake in shares of Simplify Hedged Equity ETF by 2.0% in the second quarter. Financial Enhancement Group LLC now owns 139,291 shares of the company’s stock valued at $4,672,000 after buying an additional 2,731 shares during the period.
Simplify Hedged Equity ETF Company Profile
The Simplify Hedged Equity ETF (HEQT) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks capital appreciation by investing in ETFs that track the S&P 500 Index, while employing an options collar strategy. Each collar consists of an approximately 5% to 20% out-of-the-money put-spread. HEQT was launched on Nov 1, 2021 and is managed by Simplify.
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