Short Interest in Simplify US Equity PLUS Upside Convexity ETF (NYSEARCA:SPUC) Declines By 66.8%

Simplify US Equity PLUS Upside Convexity ETF (NYSEARCA:SPUC) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 73 shares, a decline of 66.8% from the June 30th total of 220 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 3,746 shares, the days-to-cover ratio is currently 0.0 days.

Simplify US Equity PLUS Upside Convexity ETF Stock Down 0.1%

Shares of SPUC traded down $0.04 during mid-day trading on Monday, reaching $48.69. The company had a trading volume of 13,243 shares, compared to its average volume of 29,974. The stock has a market capitalization of $91.54 million, a P/E ratio of 21.23 and a beta of 1.24. Simplify US Equity PLUS Upside Convexity ETF has a 52-week low of $42.89 and a 52-week high of $52.08. The stock has a 50 day moving average of $49.23 and a two-hundred day moving average of $47.66.

Institutional Investors Weigh In On Simplify US Equity PLUS Upside Convexity ETF

Several hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE purchased a new position in shares of Simplify US Equity PLUS Upside Convexity ETF during the 3rd quarter valued at approximately $162,000. AE Wealth Management LLC boosted its holdings in Simplify US Equity PLUS Upside Convexity ETF by 7,426.8% during the fourth quarter. AE Wealth Management LLC now owns 93,106 shares of the company’s stock worth $4,338,000 after buying an additional 91,869 shares in the last quarter. LifeWealth Investments LLC acquired a new stake in Simplify US Equity PLUS Upside Convexity ETF during the fourth quarter valued at $219,000. B.O.S.S. Retirement Advisors LLC acquired a new stake in Simplify US Equity PLUS Upside Convexity ETF during the fourth quarter valued at $479,000. Finally, Kingdom Financial Group LLC. acquired a new stake in Simplify US Equity PLUS Upside Convexity ETF during the fourth quarter valued at $85,000.

Simplify US Equity PLUS Upside Convexity ETF Company Profile

The Simplify US Equity PLUS Upside Convexity ETF (SPUC) is an exchange-traded fund that is based on the S&P 500 index. The fund is actively managed to provide exposure to the S&P 500 stocks while applying an upside options overlay strategy. SPUC was launched on Sep 3, 2020 and is managed by Simplify.