Simplify Hedged Equity ETF (NYSEARCA:HEQT – Get Free Report) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 46,383 shares, a decrease of 64.8% from the September 30th total of 131,815 shares. Based on an average trading volume of 63,677 shares, the short-interest ratio is currently 0.7 days. Approximately 0.5% of the shares of the stock are sold short.
Simplify Hedged Equity ETF Stock Performance
NYSEARCA:HEQT traded down $0.01 during trading hours on Thursday, hitting $34.65. The company’s stock had a trading volume of 57,092 shares, compared to its average volume of 72,694. The business’s 50-day moving average is $34.46 and its two-hundred day moving average is $33.27. The company has a market capitalization of $317.05 million, a PE ratio of 25.09 and a beta of 0.47. Simplify Hedged Equity ETF has a 52-week low of $30.72 and a 52-week high of $34.98.
Hedge Funds Weigh In On Simplify Hedged Equity ETF
Institutional investors and hedge funds have recently made changes to their positions in the stock. Vise Technologies Inc. purchased a new position in shares of Simplify Hedged Equity ETF in the 3rd quarter valued at about $210,000. Partners Wealth Management LLC purchased a new stake in Simplify Hedged Equity ETF during the third quarter worth about $561,000. Ballast Rock Private Wealth LLC purchased a new stake in Simplify Hedged Equity ETF during the third quarter worth about $500,000. Middleton & Co. Inc. MA purchased a new stake in Simplify Hedged Equity ETF during the third quarter worth about $367,000. Finally, Sowell Financial Services LLC purchased a new stake in Simplify Hedged Equity ETF during the third quarter worth about $3,253,000.
Simplify Hedged Equity ETF Company Profile
The Simplify Hedged Equity ETF (HEQT) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks capital appreciation by investing in ETFs that track the S&P 500 Index, while employing an options collar strategy. Each collar consists of an approximately 5% to 20% out-of-the-money put-spread. HEQT was launched on Nov 1, 2021 and is managed by Simplify.
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