Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) Short Interest Down 40.8% in February

Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) saw a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 4,735 shares, a decline of 40.8% from the January 29th total of 7,997 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 13,567 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 13,567 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s shares are short sold.

Simplify US Equity PLUS Downside Convexity ETF Stock Down 0.4%

Shares of SPD traded down $0.15 during midday trading on Friday, reaching $38.75. The company had a trading volume of 9,151 shares, compared to its average volume of 13,881. Simplify US Equity PLUS Downside Convexity ETF has a 1-year low of $29.54 and a 1-year high of $41.20. The firm has a 50 day simple moving average of $39.37 and a 200-day simple moving average of $39.27. The stock has a market cap of $115.09 million, a PE ratio of 28.26 and a beta of 0.74.

Hedge Funds Weigh In On Simplify US Equity PLUS Downside Convexity ETF

A number of institutional investors have recently bought and sold shares of SPD. Networth Advisors LLC acquired a new position in Simplify US Equity PLUS Downside Convexity ETF in the 4th quarter valued at about $27,000. Transce3nd LLC purchased a new stake in shares of Simplify US Equity PLUS Downside Convexity ETF during the 2nd quarter valued at approximately $30,000. Kingdom Financial Group LLC. purchased a new stake in shares of Simplify US Equity PLUS Downside Convexity ETF during the 4th quarter valued at approximately $83,000. Great Lakes Retirement Inc. acquired a new position in Simplify US Equity PLUS Downside Convexity ETF in the third quarter valued at approximately $207,000. Finally, Osaic Holdings Inc. grew its position in Simplify US Equity PLUS Downside Convexity ETF by 21.8% in the second quarter. Osaic Holdings Inc. now owns 7,218 shares of the company’s stock worth $265,000 after acquiring an additional 1,291 shares during the period.

About Simplify US Equity PLUS Downside Convexity ETF

The Simplify US Equity PLUS Downside Convexity ETF (SPD) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively managed fund-of-funds that provides exposure to US large-cap stocks while applying a downside options overlay strategy. SPD was launched on Sep 3, 2020 and is managed by Simplify.