Simplify Currency Strategy ETF (NYSEARCA:FOXY) Sees Significant Growth in Short Interest

Simplify Currency Strategy ETF (NYSEARCA:FOXY) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 115,371 shares, an increase of 85.8% from the February 26th total of 62,110 shares. Currently, 4.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 58,698 shares, the short-interest ratio is presently 2.0 days.

Institutional Trading of Simplify Currency Strategy ETF

Hedge funds have recently bought and sold shares of the stock. Sound Income Strategies LLC purchased a new position in shares of Simplify Currency Strategy ETF during the fourth quarter valued at about $26,000. Decker Retirement Planning Inc. bought a new position in Simplify Currency Strategy ETF during the fourth quarter valued at approximately $189,000. Kestra Private Wealth Services LLC bought a new position in Simplify Currency Strategy ETF during the fourth quarter valued at approximately $208,000. CWM LLC grew its holdings in Simplify Currency Strategy ETF by 1,446.6% during the 4th quarter. CWM LLC now owns 8,290 shares of the company’s stock valued at $226,000 after buying an additional 7,754 shares in the last quarter. Finally, Lloyd Advisory Services LLC. bought a new stake in Simplify Currency Strategy ETF in the 4th quarter worth approximately $231,000.

Simplify Currency Strategy ETF Price Performance

Shares of FOXY stock traded down $0.29 during mid-day trading on Friday, hitting $29.46. The company had a trading volume of 28,792 shares, compared to its average volume of 51,149. The stock’s 50 day moving average price is $29.26 and its 200-day moving average price is $28.32. Simplify Currency Strategy ETF has a 52-week low of $23.08 and a 52-week high of $31.57.

About Simplify Currency Strategy ETF

The Simplify Currency Strategy ETF (FOXY) is an exchange-traded fund that mostly invests in long global basket, short usd currency. The fund is an actively managed fund with long and short exposures in foreign currencies through forward contracts and swaps, as well as futures contracts. It employs a combination of mean-reversion strategy for G10 currencies and a carry strategy for emerging market currencies. FOXY was launched on Feb 3, 2025 and is issued by Simplify.