Simplify Hedged Equity ETF (NYSEARCA:HEQT – Get Free Report) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 4,924 shares, a decline of 71.0% from the May 31st total of 17,002 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 67,769 shares, the days-to-cover ratio is currently 0.1 days.
Simplify Hedged Equity ETF Trading Up 0.6%
NYSEARCA:HEQT traded up $0.21 during midday trading on Friday, hitting $33.33. 155,999 shares of the company traded hands, compared to its average volume of 79,242. The firm’s fifty day moving average is $33.18 and its 200-day moving average is $32.47. Simplify Hedged Equity ETF has a 12-month low of $29.84 and a 12-month high of $33.64. The firm has a market capitalization of $324.97 million, a P/E ratio of 25.09 and a beta of 0.47.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. US Bancorp DE bought a new stake in shares of Simplify Hedged Equity ETF in the 3rd quarter worth about $42,000. Kestra Advisory Services LLC bought a new position in Simplify Hedged Equity ETF during the 4th quarter valued at about $50,000. Advisors Preferred LLC purchased a new stake in Simplify Hedged Equity ETF in the 4th quarter worth about $112,000. JPMorgan Chase & Co. raised its position in Simplify Hedged Equity ETF by 26.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,339 shares of the company’s stock worth $136,000 after purchasing an additional 921 shares during the period. Finally, Chatterton & Associates Inc. bought a new stake in Simplify Hedged Equity ETF in the fourth quarter worth about $222,000.
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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