Simplify Currency Strategy ETF (NYSEARCA:FOXY) Sees Large Drop in Short Interest

Simplify Currency Strategy ETF (NYSEARCA:FOXY) was the target of a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 26,688 shares, a decline of 74.6% from the October 15th total of 105,216 shares. Based on an average daily volume of 42,408 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FOXY. Gradient Investments LLC purchased a new stake in Simplify Currency Strategy ETF during the 3rd quarter worth $44,870,000. Bank of America Corp DE raised its position in Simplify Currency Strategy ETF by 441.2% in the first quarter. Bank of America Corp DE now owns 276,000 shares of the company’s stock valued at $8,070,000 after purchasing an additional 225,000 shares during the period. Elevated Capital Advisors LLC raised its position in Simplify Currency Strategy ETF by 9.1% in the third quarter. Elevated Capital Advisors LLC now owns 298,431 shares of the company’s stock valued at $7,974,000 after purchasing an additional 25,011 shares during the period. Envestnet Asset Management Inc. raised its position in Simplify Currency Strategy ETF by 91.5% in the second quarter. Envestnet Asset Management Inc. now owns 147,884 shares of the company’s stock valued at $4,405,000 after purchasing an additional 70,673 shares during the period. Finally, Sax Wealth Advisors LLC acquired a new position in shares of Simplify Currency Strategy ETF during the third quarter worth about $3,139,000.

Simplify Currency Strategy ETF Stock Down 1.2%

Shares of NYSEARCA:FOXY traded down $0.33 during trading on Friday, reaching $26.18. 46,049 shares of the stock were exchanged, compared to its average volume of 75,224. The firm’s 50-day moving average price is $27.18 and its 200 day moving average price is $28.60. Simplify Currency Strategy ETF has a 12-month low of $26.18 and a 12-month high of $32.20.

About Simplify Currency Strategy ETF

The Simplify Currency Strategy ETF (FOXY) is an exchange-traded fund that mostly invests in long global basket, short usd currency. The fund is an actively managed fund with long and short exposures in foreign currencies through forward contracts and swaps, as well as futures contracts. It employs a combination of mean-reversion strategy for G10 currencies and a carry strategy for emerging market currencies. FOXY was launched on Feb 3, 2025 and is issued by Simplify.