Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) Stock Short Interest Falls 46.0%

Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 6,757 shares, a drop of 46.0% from the August 31st total of 12,503 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average trading volume of 77,057 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SPYC. Integrated Wealth Concepts LLC increased its position in shares of Simplify US Equity PLUS Convexity ETF by 11.5% in the second quarter. Integrated Wealth Concepts LLC now owns 326,608 shares of the company’s stock worth $14,920,000 after purchasing an additional 33,569 shares during the period. Evolution Wealth Management Inc. boosted its position in Simplify US Equity PLUS Convexity ETF by 37.0% during the 1st quarter. Evolution Wealth Management Inc. now owns 102,699 shares of the company’s stock worth $4,054,000 after buying an additional 27,738 shares during the period. Elevated Capital Advisors LLC acquired a new position in Simplify US Equity PLUS Convexity ETF in the 1st quarter valued at approximately $509,000. Howard Bailey Securities LLC lifted its holdings in shares of Simplify US Equity PLUS Convexity ETF by 13.4% during the fourth quarter. Howard Bailey Securities LLC now owns 11,046 shares of the company’s stock worth $472,000 after purchasing an additional 1,309 shares during the period. Finally, Envestnet Asset Management Inc. acquired a new stake in Simplify US Equity PLUS Convexity ETF in the second quarter valued at $347,000.

Simplify US Equity PLUS Convexity ETF Stock Up 0.0%

Simplify US Equity PLUS Convexity ETF stock traded up $0.01 during mid-day trading on Thursday, hitting $45.55. 2,065 shares of the company’s stock were exchanged, compared to its average volume of 12,939. Simplify US Equity PLUS Convexity ETF has a fifty-two week low of $38.50 and a fifty-two week high of $48.96. The firm has a market capitalization of $81.99 million, a P/E ratio of 26.87 and a beta of 0.99. The company’s 50 day simple moving average is $46.33 and its 200-day simple moving average is $44.66.

Simplify US Equity PLUS Convexity ETF Company Profile

The Simplify US Equity PLUS Convexity ETF (SPYC) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively managed, fund-of-funds that provides exposure to the S&P 500 with a systematic options overlay strategy. The overlay strategy seeks to enhance upside potential and hedge downside risk. SPYC was launched on Sep 3, 2020 and is managed by Simplify.