Simplify Multi-QIS Alternative ETF $QIS Stock: Simplify Asset Management Inc. Increases Stake

Simplify Asset Management Inc. raised its position in shares of Simplify Multi-QIS Alternative ETF (NYSEARCA:QIS) by 18.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,477,620 shares of the company’s stock after buying an additional 700,000 shares during the quarter. Simplify Multi-QIS Alternative ETF comprises about 0.8% of Simplify Asset Management Inc.’s investment portfolio, making the stock its 6th largest holding. Simplify Asset Management Inc. owned approximately 0.98% of Simplify Multi-QIS Alternative ETF worth $48,129,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Proficio Capital Partners LLC purchased a new position in shares of Simplify Multi-QIS Alternative ETF in the 2nd quarter worth approximately $3,393,000. Nwam LLC bought a new position in shares of Simplify Multi-QIS Alternative ETF during the 2nd quarter worth approximately $1,169,000. Finally, Advocacy Wealth Management LLC purchased a new stake in Simplify Multi-QIS Alternative ETF during the second quarter valued at approximately $75,000.

Simplify Multi-QIS Alternative ETF Price Performance

NYSEARCA:QIS opened at $11.61 on Thursday. Simplify Multi-QIS Alternative ETF has a 52 week low of $9.14 and a 52 week high of $19.81. The firm has a 50 day moving average of $11.36 and a 200 day moving average of $12.14.

Simplify Multi-QIS Alternative ETF Company Profile

The Simplify Multi-QIS Alternative ETF (QIS) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund aims to provide positive absolute returns and income using quantitative investment strategies to invest across equities, interest rates, commodities, and currencies through total return swaps. QIS was launched on Jul 10, 2023 and is issued by Simplify.