Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) Sees Large Decrease in Short Interest

Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 229 shares, a drop of 71.2% from the September 30th total of 796 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 6,032 shares, the days-to-cover ratio is currently 0.0 days.

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

Several hedge funds have recently added to or reduced their stakes in SPBC. Worth Asset Management LLC bought a new position in Simplify U.S. Equity PLUS GBTC ETF in the second quarter valued at $396,000. Professional Financial Advisors LLC raised its position in shares of Simplify U.S. Equity PLUS GBTC ETF by 2.9% in the 2nd quarter. Professional Financial Advisors LLC now owns 130,926 shares of the company’s stock valued at $6,179,000 after buying an additional 3,742 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Simplify U.S. Equity PLUS GBTC ETF by 14.5% during the 1st quarter. NewEdge Advisors LLC now owns 14,259 shares of the company’s stock valued at $593,000 after purchasing an additional 1,811 shares during the last quarter. ARQ Wealth Advisors LLC lifted its stake in shares of Simplify U.S. Equity PLUS GBTC ETF by 5.8% in the 3rd quarter. ARQ Wealth Advisors LLC now owns 12,348 shares of the company’s stock valued at $619,000 after acquiring an additional 677 shares during the last quarter. Finally, Private Advisor Group LLC lifted its holdings in shares of 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 worth $2,379,000 after purchasing an additional 498 shares during the period. Institutional investors and hedge funds own 31.71% of the company’s stock.

Simplify U.S. Equity PLUS GBTC ETF Stock Performance

Simplify U.S. Equity PLUS GBTC ETF stock opened at $49.46 on Friday. The business’s fifty day moving average is $50.23 and its two-hundred day moving average is $46.98. The firm has a market cap of $42.04 million, a P/E ratio of 130.12 and a beta of 1.22. Simplify U.S. Equity PLUS GBTC ETF has a 52 week low of $40.29 and a 52 week high of $51.50.

Simplify U.S. Equity PLUS GBTC ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Friday, September 25th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, September 25th. Simplify U.S. Equity PLUS GBTC ETF’s dividend payout ratio is 105.26%.

Simplify U.S. Equity PLUS GBTC ETF Company Profile

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.