Simplify Multi-QIS Alternative ETF (NYSEARCA:QIS – Get Free Report) was the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 5,283 shares, a decrease of 44.9% from the July 15th total of 9,582 shares. Based on an average daily trading volume, of 677 shares, the days-to-cover ratio is currently 7.8 days. Approximately 0.1% of the shares of the stock are short sold.
Simplify Multi-QIS Alternative ETF Stock Up 4.5%
Shares of QIS stock traded up $0.46 on Monday, reaching $10.78. The company had a trading volume of 163 shares, compared to its average volume of 2,430. The business’s 50-day moving average is $10.17 and its 200 day moving average is $12.15. Simplify Multi-QIS Alternative ETF has a one year low of $9.14 and a one year high of $20.88.
Institutional Trading of Simplify Multi-QIS Alternative ETF
Hedge funds and other institutional investors have recently made changes to their positions in the company. Kestra Advisory Services LLC acquired a new position in shares of Simplify Multi-QIS Alternative ETF in the fourth quarter valued at approximately $77,000. Jane Street Group LLC acquired a new stake in Simplify Multi-QIS Alternative ETF during the 4th quarter worth approximately $225,000. Finally, Envestnet Asset Management Inc. grew its holdings in Simplify Multi-QIS Alternative ETF by 4.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 29,651 shares of the company’s stock worth $568,000 after acquiring an additional 1,382 shares during the last quarter.
About Simplify Multi-QIS Alternative ETF
The Simplify Multi-QIS Alternative ETF (QIS) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund aims to provide positive absolute returns and income using quantitative investment strategies to invest across equities, interest rates, commodities, and currencies through total return swaps. QIS was launched on Jul 10, 2023 and is issued by Simplify.
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