Short Interest in Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) Rises By 1,054.5%

Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 11,464 shares, a growth of 1,054.5% from the August 15th total of 993 shares. Based on an average daily volume of 3,753 shares, the days-to-cover ratio is presently 3.1 days. Currently, 1.2% of the shares of the stock are sold short.

Simplify U.S. Equity PLUS GBTC ETF Trading Down 0.7%

Shares of SPBC traded down $0.35 during mid-day trading on Thursday, reaching $49.28. 2,334 shares of the stock traded hands, compared to its average volume of 6,941. The company has a market cap of $45.83 million, a price-to-earnings ratio of 129.69 and a beta of 1.22. Simplify U.S. Equity PLUS GBTC ETF has a 1 year low of $40.29 and a 1 year high of $50.64. The firm has a fifty day moving average price of $48.68 and a 200 day moving average price of $46.59.

Simplify U.S. Equity PLUS GBTC ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.8%. The ex-dividend date was Thursday, June 25th. Simplify U.S. Equity PLUS GBTC ETF’s payout ratio is presently 105.26%.

Institutional Trading of Simplify U.S. Equity PLUS GBTC ETF

Several institutional investors and hedge funds have recently modified their holdings of SPBC. ARQ Wealth Advisors LLC boosted its position in shares of Simplify U.S. Equity PLUS GBTC ETF by 12.4% during the 4th quarter. ARQ Wealth Advisors LLC now owns 7,263 shares of the company’s stock valued at $325,000 after acquiring an additional 803 shares during the last quarter. Worth Asset Management LLC bought a new position in shares of Simplify U.S. Equity PLUS GBTC ETF in the second quarter worth approximately $396,000. NewEdge Advisors LLC raised its stake in Simplify U.S. Equity PLUS GBTC ETF by 630.1% in the third quarter. NewEdge Advisors LLC now owns 9,418 shares of the company’s stock valued at $422,000 after purchasing an additional 8,128 shares in the last quarter. Susquehanna International Group LLP bought a new stake in Simplify U.S. Equity PLUS GBTC ETF during the third quarter valued at approximately $1,044,000. Finally, Private Advisor Group LLC lifted its position in Simplify U.S. Equity PLUS GBTC ETF by 0.9% during the first quarter. Private Advisor Group LLC now owns 57,214 shares of the company’s stock valued at $2,379,000 after purchasing an additional 498 shares during the last quarter. Hedge funds and other institutional investors own 31.71% of the company’s stock.

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.