Short Interest in Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) Increases By 31.3%

Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 15,447 shares, a growth of 31.3% from the December 31st total of 11,764 shares. Based on an average daily volume of 5,660 shares, the days-to-cover ratio is presently 2.7 days. Currently, 0.7% of the shares of the stock are sold short. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily volume of 5,660 shares, the days-to-cover ratio is presently 2.7 days.

Simplify US Equity PLUS Convexity ETF Stock Performance

Shares of NYSEARCA:SPYC traded down $0.68 on Tuesday, reaching $42.50. The company’s stock had a trading volume of 1,067 shares, compared to its average volume of 7,674. The company has a 50-day simple moving average of $43.09 and a 200 day simple moving average of $42.53. Simplify US Equity PLUS Convexity ETF has a 52-week low of $30.67 and a 52-week high of $45.21. The company has a market cap of $96.89 million, a P/E ratio of 26.87 and a beta of 0.98.

Institutional Investors Weigh In On Simplify US Equity PLUS Convexity ETF

Large investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in shares of Simplify US Equity PLUS Convexity ETF in the 2nd quarter valued at approximately $48,000. Osaic Holdings Inc. bought a new position in shares of Simplify US Equity PLUS Convexity ETF during the 2nd quarter valued at approximately $67,000. Modern Wealth Management LLC purchased a new stake in Simplify US Equity PLUS Convexity ETF during the 2nd quarter valued at $230,000. LifeWealth Investments LLC bought a new stake in Simplify US Equity PLUS Convexity ETF in the second quarter worth $237,000. Finally, Evolution Wealth Management Inc. bought a new stake in Simplify US Equity PLUS Convexity ETF in the second quarter worth $280,000.

About Simplify US Equity PLUS Convexity ETF

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.