Simplify Hedged Equity ETF (NYSEARCA:HEQT) Short Interest Update

Simplify Hedged Equity ETF (NYSEARCA:HEQT) saw a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 649 shares, a decrease of 95.7% from the April 15th total of 15,150 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 52,301 shares, the short-interest ratio is currently 0.0 days.

Simplify Hedged Equity ETF Stock Performance

HEQT remained flat at $33.23 during trading on Wednesday. 34,248 shares of the company’s stock were exchanged, compared to its average volume of 86,933. The company has a market capitalization of $323.99 million, a P/E ratio of 25.09 and a beta of 0.48. The stock has a 50-day simple moving average of $32.14 and a two-hundred day simple moving average of $32.09. Simplify Hedged Equity ETF has a twelve month low of $28.95 and a twelve month high of $33.46.

Hedge Funds Weigh In On Simplify Hedged Equity ETF

Institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE acquired a new stake in shares of Simplify Hedged Equity ETF in the 3rd quarter worth $42,000. Kestra Advisory Services LLC acquired a new position in shares of Simplify Hedged Equity ETF during the 4th quarter valued at about $50,000. CGC Financial Services LLC purchased a new stake in shares of Simplify Hedged Equity ETF in the third quarter valued at about $97,000. Advisors Preferred LLC purchased a new stake in shares of Simplify Hedged Equity ETF in the fourth quarter valued at about $112,000. Finally, JPMorgan Chase & Co. raised its holdings in Simplify Hedged Equity ETF by 26.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,339 shares of the company’s stock valued at $136,000 after buying an additional 921 shares during the period.

About Simplify Hedged Equity ETF

The Simplify Hedged Equity ETF (HEQT) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks capital appreciation by investing in ETFs that track the S&P 500 Index, while employing an options collar strategy. Each collar consists of an approximately 5% to 20% out-of-the-money put-spread. HEQT was launched on Nov 1, 2021 and is managed by Simplify.