Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD – Get Free Report) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 289 shares, a decline of 66.7% from the June 30th total of 869 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 9,815 shares, the days-to-cover ratio is presently 0.0 days.
Institutional Trading of Simplify US Equity PLUS Downside Convexity ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPD. Jane Street Group LLC lifted its position in shares of Simplify US Equity PLUS Downside Convexity ETF by 182.4% during the first quarter. Jane Street Group LLC now owns 20,967 shares of the company’s stock worth $649,000 after purchasing an additional 13,543 shares during the last quarter. Osaic Holdings Inc. boosted its position in Simplify US Equity PLUS Downside Convexity ETF by 21.8% in the 2nd quarter. Osaic Holdings Inc. now owns 7,218 shares of the company’s stock valued at $265,000 after buying an additional 1,291 shares during the period. Citadel Advisors LLC purchased a new stake in Simplify US Equity PLUS Downside Convexity ETF in the 3rd quarter valued at about $464,000. Susquehanna International Group LLP bought a new position in Simplify US Equity PLUS Downside Convexity ETF in the 3rd quarter worth about $456,000. Finally, Centennial Advisors LLC bought a new position in Simplify US Equity PLUS Downside Convexity ETF in the 4th quarter worth about $324,000.
Simplify US Equity PLUS Downside Convexity ETF Price Performance
Shares of SPD traded up $0.06 during midday trading on Tuesday, hitting $40.91. The stock had a trading volume of 3,665 shares, compared to its average volume of 12,790. The stock’s 50 day moving average is $41.36 and its 200 day moving average is $39.70. The firm has a market cap of $104.32 million, a PE ratio of 28.26 and a beta of 0.75. Simplify US Equity PLUS Downside Convexity ETF has a 1 year low of $35.72 and a 1 year high of $42.29.
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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