Simplify Hedged Equity ETF (NYSEARCA:HEQT) Sees Significant Growth in Short Interest

Simplify Hedged Equity ETF (NYSEARCA:HEQT) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 39,578 shares, an increase of 79.7% from the June 30th total of 22,027 shares. Based on an average daily volume of 70,475 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.4% of the company’s shares are sold short.

Simplify Hedged Equity ETF Stock Up 1.1%

Shares of NYSEARCA:HEQT traded up $0.35 during midday trading on Thursday, reaching $33.52. The company’s stock had a trading volume of 45,728 shares, compared to its average volume of 76,511. The firm has a market cap of $295.65 million, a price-to-earnings ratio of 25.09 and a beta of 0.47. Simplify Hedged Equity ETF has a 1 year low of $30.16 and a 1 year high of $33.79. The business has a 50 day moving average price of $33.46 and a 200 day moving average price of $32.71.

Institutional Trading of Simplify Hedged Equity ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HEQT. Private Advisor Group LLC increased its stake in shares of Simplify Hedged Equity ETF by 466.8% during 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 last quarter. Keudell Morrison Wealth Management purchased a new stake in Simplify Hedged Equity ETF in the fourth quarter valued at approximately $16,574,000. Leo Wealth LLC acquired a new position in Simplify Hedged Equity ETF during the fourth quarter worth approximately $10,625,000. Kovack Advisors Inc. acquired a new position in Simplify Hedged Equity ETF during the fourth quarter worth approximately $6,298,000. Finally, TSG Advice Partners LLC purchased a new position in Simplify Hedged Equity ETF during the first quarter worth approximately $5,848,000.

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.