Simplify US Equity PLUS Upside Convexity ETF (NYSEARCA:SPUC) Short Interest Up 89.3% in August

Simplify US Equity PLUS Upside Convexity ETF (NYSEARCA:SPUC) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 15,428 shares, an increase of 89.3% from the July 30th total of 8,150 shares. Based on an average daily volume of 28,703 shares, the short-interest ratio is presently 0.5 days. Currently, 0.5% of the company’s stock are sold short.

Institutional Trading of Simplify US Equity PLUS Upside Convexity ETF

Institutional investors have recently bought and sold shares of the stock. Kingdom Financial Group LLC. acquired a new position in Simplify US Equity PLUS Upside Convexity ETF during the 4th quarter valued at approximately $85,000. Kestra Advisory Services LLC acquired a new stake in shares of Simplify US Equity PLUS Upside Convexity ETF during the fourth quarter worth $86,000. Bank of America Corp DE acquired a new stake in shares of Simplify US Equity PLUS Upside Convexity ETF during the third quarter worth $162,000. Great Lakes Retirement Inc. purchased a new stake in shares of Simplify US Equity PLUS Upside Convexity ETF during the fourth quarter valued at $251,000. Finally, MML Investors Services LLC grew its holdings in shares of Simplify US Equity PLUS Upside Convexity ETF by 8.9% during the fourth quarter. MML Investors Services LLC now owns 5,736 shares of the company’s stock valued at $267,000 after buying an additional 467 shares during the last quarter.

Simplify US Equity PLUS Upside Convexity ETF Stock Performance

Shares of NYSEARCA SPUC opened at $49.36 on Tuesday. Simplify US Equity PLUS Upside Convexity ETF has a fifty-two week low of $42.89 and a fifty-two week high of $52.08. The company has a market cap of $155.48 million, a PE ratio of 21.23 and a beta of 1.24. The business has a 50-day simple moving average of $49.45 and a two-hundred day simple moving average of $48.09.

About Simplify US Equity PLUS Upside Convexity ETF

The Simplify US Equity PLUS Upside Convexity ETF (SPUC) is an exchange-traded fund that is based on the S&P 500 index. The fund is actively managed to provide exposure to the S&P 500 stocks while applying an upside options overlay strategy. SPUC was launched on Sep 3, 2020 and is managed by Simplify.