Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD – Get Free Report) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 2,192 shares, a decline of 60.4% from the May 14th total of 5,542 shares. Based on an average trading volume of 8,780 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPD. Fiduciary Alliance LLC increased its position in Simplify US Equity PLUS Downside Convexity ETF by 1.4% during the 4th quarter. Fiduciary Alliance LLC now owns 19,252 shares of the company’s stock worth $756,000 after buying an additional 263 shares during the period. Networth Advisors LLC bought a new stake in shares of Simplify US Equity PLUS Downside Convexity ETF in the fourth quarter valued at about $27,000. Park Edge Advisors LLC grew its stake in shares of Simplify US Equity PLUS Downside Convexity ETF by 2.6% in the first quarter. Park Edge Advisors LLC now owns 29,794 shares of the company’s stock valued at $1,084,000 after acquiring an additional 763 shares in the last quarter. Osaic Holdings Inc. grew its stake in shares of 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 valued at $265,000 after acquiring an additional 1,291 shares in the last quarter. Finally, Kingdom Financial Group LLC. bought a new position in Simplify US Equity PLUS Downside Convexity ETF during the fourth quarter worth about $83,000.
Simplify US Equity PLUS Downside Convexity ETF Stock Up 0.4%
Shares of Simplify US Equity PLUS Downside Convexity ETF stock traded up $0.17 on Friday, hitting $41.28. The stock had a trading volume of 996 shares, compared to its average volume of 14,035. The stock has a market cap of $112.28 million, a price-to-earnings ratio of 28.26 and a beta of 0.75. Simplify US Equity PLUS Downside Convexity ETF has a twelve month low of $35.72 and a twelve month high of $42.15. The business’s 50 day moving average is $40.06 and its two-hundred day moving average is $39.30.
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.
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