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

Simplify Currency Strategy ETF (NYSEARCA:FOXY) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 203,025 shares, a growth of 200.9% from the June 30th total of 67,470 shares. Based on an average daily volume of 71,945 shares, the short-interest ratio is currently 2.8 days. Currently, 1.6% of the company’s shares are short sold.

Hedge Funds Weigh In On Simplify Currency Strategy ETF

Several hedge funds have recently bought and sold shares of the company. Key Capital Management INC acquired a new position in shares of Simplify Currency Strategy ETF in the fourth quarter worth $2,184,000. FSA Advisors Inc. acquired a new stake in Simplify Currency Strategy ETF during the 4th quarter worth $1,319,000. Networth Advisors LLC purchased a new position in shares of Simplify Currency Strategy ETF during the fourth quarter worth about $472,000. Howard Bailey Securities LLC acquired a new position in shares of Simplify Currency Strategy ETF in the fourth quarter valued at approximately $1,741,000. Finally, BNP Paribas Financial Markets raised its position in Simplify Currency Strategy ETF by 100.0% during the 4th quarter. BNP Paribas Financial Markets now owns 250,000 shares of the company’s stock worth $6,802,000 after buying an additional 125,000 shares during the last quarter.

Simplify Currency Strategy ETF Stock Up 0.9%

NYSEARCA FOXY traded up $0.25 on Monday, reaching $28.84. The stock had a trading volume of 52,226 shares, compared to its average volume of 67,701. The stock has a fifty day moving average price of $29.30 and a two-hundred day moving average price of $29.16. Simplify Currency Strategy ETF has a 12-month low of $25.87 and a 12-month high of $32.20.

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.