Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) Sees Large Decline in Short Interest

Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 14,202 shares, a decrease of 49.1% from the June 15th total of 27,927 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 9,754 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Trading of Simplify US Equity PLUS Convexity ETF

A number of institutional investors have recently modified their holdings of the company. Elevated Capital Advisors LLC purchased a new position in shares of Simplify US Equity PLUS Convexity ETF in the 1st quarter worth approximately $509,000. Evolution Wealth Management Inc. boosted its stake in Simplify US Equity PLUS Convexity ETF by 37.0% in the first quarter. Evolution Wealth Management Inc. now owns 102,699 shares of the company’s stock valued at $4,054,000 after acquiring an additional 27,738 shares in the last quarter. Aptus Capital Advisors LLC grew its holdings in Simplify US Equity PLUS Convexity ETF by 52.0% in the fourth quarter. Aptus Capital Advisors LLC now owns 2,553 shares of the company’s stock worth $109,000 after purchasing an additional 873 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in Simplify US Equity PLUS Convexity ETF by 29.3% in the fourth quarter. Integrated Wealth Concepts LLC now owns 323,898 shares of the company’s stock worth $13,845,000 after purchasing an additional 73,490 shares during the last quarter. Finally, Howard Bailey Securities LLC grew its holdings in Simplify US Equity PLUS Convexity ETF by 13.4% in the fourth quarter. Howard Bailey Securities LLC now owns 11,046 shares of the company’s stock worth $472,000 after purchasing an additional 1,309 shares during the last quarter.

Simplify US Equity PLUS Convexity ETF Stock Performance

SPYC stock traded up $0.03 during trading on Wednesday, reaching $45.89. 5,043 shares of the company traded hands, compared to its average volume of 9,570. The business has a 50 day simple moving average of $45.36 and a 200 day simple moving average of $43.22. Simplify US Equity PLUS Convexity ETF has a 12 month low of $38.50 and a 12 month high of $46.58. The company has a market capitalization of $112.43 million, a price-to-earnings ratio of 26.87 and a beta of 0.99.

Simplify US Equity PLUS Convexity ETF Company Profile

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.