Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC – Get Free Report) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 12,503 shares, a growth of 74.4% from the August 15th total of 7,171 shares. Based on an average daily trading volume, of 4,912 shares, the short-interest ratio is presently 2.5 days. Approximately 0.5% of the shares of the company are short sold.
Institutional Trading of Simplify US Equity PLUS Convexity ETF
Several hedge funds and other institutional investors have recently modified their holdings of SPYC. Integrated Wealth Concepts LLC boosted its holdings in Simplify US Equity PLUS Convexity ETF by 11.5% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 326,608 shares of the company’s stock worth $14,920,000 after buying an additional 33,569 shares during the period. Evolution Wealth Management Inc. lifted its position in shares of Simplify US Equity PLUS Convexity ETF by 37.0% during the first quarter. Evolution Wealth Management Inc. now owns 102,699 shares of the company’s stock worth $4,054,000 after acquiring an additional 27,738 shares in the last quarter. Lloyd Advisory Services LLC. grew its position in shares of Simplify US Equity PLUS Convexity ETF by 6.5% in the fourth quarter. Lloyd Advisory Services LLC. now owns 40,423 shares of the company’s stock valued at $1,728,000 after purchasing an additional 2,460 shares in the last quarter. Elevated Capital Advisors LLC purchased a new position in shares of Simplify US Equity PLUS Convexity ETF in the first quarter valued at $509,000. Finally, Howard Bailey Securities LLC raised its stake in shares of Simplify US Equity PLUS Convexity ETF by 13.4% during the 4th quarter. Howard Bailey Securities LLC now owns 11,046 shares of the company’s stock valued at $472,000 after purchasing an additional 1,309 shares during the period.
Simplify US Equity PLUS Convexity ETF Stock Down 0.5%
SPYC traded down $0.21 during trading hours on Wednesday, hitting $45.22. The stock had a trading volume of 4,760 shares, compared to its average volume of 13,529. Simplify US Equity PLUS Convexity ETF has a 1 year low of $38.50 and a 1 year high of $48.96. The company’s fifty day simple moving average is $46.22 and its 200 day simple moving average is $44.31. The stock has a market cap of $135.61 million, a PE ratio of 26.87 and a beta of 0.99.
Simplify US Equity PLUS Convexity ETF Company Profile
The Simplify US Equity PLUS Convexity ETF (SPYC) 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 the S&P 500 with a systematic options overlay strategy. The overlay strategy seeks to enhance upside potential and hedge downside risk. SPYC was launched on Sep 3, 2020 and is managed by Simplify.
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