Short Interest in Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) Drops By 69.6%

Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) was the recipient of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 617 shares, a drop of 69.6% from the April 15th total of 2,027 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 7,793 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Simplify U.S. Equity PLUS GBTC ETF

A number of hedge funds have recently bought and sold shares of SPBC. ARQ Wealth Advisors LLC boosted its position in Simplify U.S. Equity PLUS GBTC ETF by 11.5% during the third quarter. ARQ Wealth Advisors LLC now owns 6,460 shares of the company’s stock worth $290,000 after purchasing an additional 664 shares in the last quarter. NewEdge Advisors LLC boosted its position in Simplify U.S. Equity PLUS GBTC ETF by 630.1% during the third quarter. NewEdge Advisors LLC now owns 9,418 shares of the company’s stock worth $422,000 after purchasing an additional 8,128 shares in the last quarter. Susquehanna International Group LLP purchased a new position in Simplify U.S. Equity PLUS GBTC ETF during the third quarter worth approximately $1,044,000. Chicago Partners Investment Group LLC boosted its position in Simplify U.S. Equity PLUS GBTC ETF by 53.7% during the third quarter. Chicago Partners Investment Group LLC now owns 28,910 shares of the company’s stock worth $1,335,000 after purchasing an additional 10,096 shares in the last quarter. Finally, Total Clarity Wealth Management Inc. boosted its position in Simplify U.S. Equity PLUS GBTC ETF by 19.7% during the fourth quarter. Total Clarity Wealth Management Inc. now owns 48,480 shares of the company’s stock worth $2,168,000 after purchasing an additional 7,962 shares in the last quarter. Hedge funds and other institutional investors own 31.71% of the company’s stock.

Simplify U.S. Equity PLUS GBTC ETF Stock Performance

Simplify U.S. Equity PLUS GBTC ETF stock traded down $0.92 during midday trading on Friday, hitting $47.74. 929 shares of the company were exchanged, compared to its average volume of 7,613. The firm has a market capitalization of $44.39 million, a PE ratio of 125.62 and a beta of 1.22. Simplify U.S. Equity PLUS GBTC ETF has a fifty-two week low of $38.81 and a fifty-two week high of $48.72. The business has a fifty day simple moving average of $44.24 and a two-hundred day simple moving average of $44.57.

Simplify U.S. Equity PLUS GBTC ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.40 dividend on an annualized basis and a yield of 0.8%. Simplify U.S. Equity PLUS GBTC ETF’s dividend payout ratio is currently 105.26%.

About Simplify U.S. Equity PLUS GBTC ETF

SP Bancorp, Inc is a non-diversified savings and loan holding company for SharePlus Federal Bank (the Bank). The Bank is a federally chartered savings bank. The Bank provides financial services to individuals, families and businesses through its six banking offices. The Bank’s business consists primarily of taking deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in mortgage loans secured by residential real estate, home equity loans and lines of credit, commercial real estate loans, consumer loans (consisting primarily of automobile loans) and commercial business loans.