Short Interest in Simplify Hedged Equity ETF (NYSEARCA:HEQT) Expands By 347.3%

Simplify Hedged Equity ETF (NYSEARCA:HEQT) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 22,027 shares, an increase of 347.3% from the June 15th total of 4,924 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 66,509 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On Simplify Hedged Equity ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Private Advisor Group LLC increased its position in Simplify Hedged Equity ETF by 466.8% in the 4th quarter. Private Advisor Group LLC now owns 1,120,557 shares of the company’s stock valued at $35,914,000 after acquiring an additional 922,843 shares during the period. CWM LLC boosted its position in Simplify Hedged Equity ETF by 3.3% during the 4th quarter. CWM LLC now owns 605,285 shares of the company’s stock worth $19,399,000 after acquiring an additional 19,064 shares during the period. Keudell Morrison Wealth Management acquired a new position in Simplify Hedged Equity ETF during the 4th quarter worth $16,574,000. LPL Financial LLC grew its stake in shares of Simplify Hedged Equity ETF by 13.2% in the fourth quarter. LPL Financial LLC now owns 459,311 shares of the company’s stock worth $14,721,000 after purchasing an additional 53,482 shares in the last quarter. Finally, MML Investors Services LLC grew its stake in shares of Simplify Hedged Equity ETF by 39.1% in the second quarter. MML Investors Services LLC now owns 333,975 shares of the company’s stock worth $10,036,000 after purchasing an additional 93,959 shares in the last quarter.

Simplify Hedged Equity ETF Trading Up 0.3%

Simplify Hedged Equity ETF stock traded up $0.11 during midday trading on Friday, reaching $33.77. 22,842 shares of the stock traded hands, compared to its average volume of 79,484. Simplify Hedged Equity ETF has a fifty-two week low of $30.14 and a fifty-two week high of $33.77. The firm has a market cap of $300.55 million, a price-to-earnings ratio of 25.09 and a beta of 0.47. The firm has a fifty day moving average price of $33.35 and a two-hundred day moving average price of $32.58.

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.