Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) Sees Large Decrease in Short Interest

Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) was the recipient of a significant drop in short interest in February. As of February 13th, there was short interest totaling 4,735 shares, a drop of 40.8% from the January 29th total of 7,997 shares. Based on an average daily trading volume, of 13,567 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the company’s shares are short sold. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 13,567 shares, the days-to-cover ratio is presently 0.3 days.

Simplify US Equity PLUS Downside Convexity ETF Stock Down 0.4%

Shares of SPD opened at $38.75 on Friday. Simplify US Equity PLUS Downside Convexity ETF has a 52-week low of $29.54 and a 52-week high of $41.20. The stock has a fifty day simple moving average of $39.37 and a two-hundred day simple moving average of $39.26. The company has a market capitalization of $115.09 million, a PE ratio of 28.26 and a beta of 0.74.

Hedge Funds Weigh In On Simplify US Equity PLUS Downside Convexity ETF

A number of institutional investors have recently bought and sold shares of SPD. Networth Advisors LLC purchased a new stake in shares of Simplify US Equity PLUS Downside Convexity ETF in the 4th quarter valued at approximately $27,000. Transce3nd LLC acquired a new position in Simplify US Equity PLUS Downside Convexity ETF in the second quarter valued at approximately $30,000. Kingdom Financial Group LLC. purchased a new position in Simplify US Equity PLUS Downside Convexity ETF in the fourth quarter worth approximately $83,000. Great Lakes Retirement Inc. purchased a new position in Simplify US Equity PLUS Downside Convexity ETF in the third quarter worth approximately $207,000. Finally, Osaic Holdings Inc. increased its stake in Simplify US Equity PLUS Downside Convexity ETF by 21.8% during the second quarter. Osaic Holdings Inc. now owns 7,218 shares of the company’s stock worth $265,000 after acquiring an additional 1,291 shares during the last quarter.

Simplify US Equity PLUS Downside Convexity ETF Company Profile

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.