Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) Shares Shorted: Short Interest Down 75.8% in October

Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) was the target of a significant decline in short interest in October. As of October 30th, there was short interest totaling 864 shares, a decline of 75.8% from the October 15th total of 3,566 shares. Based on an average daily trading volume, of 27,398 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Trading of Simplify US Equity PLUS Convexity ETF

Large investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC purchased a new stake in Simplify US Equity PLUS Convexity ETF during the 3rd quarter worth about $12,653,000. Envestnet Asset Management Inc. purchased a new position in shares of Simplify US Equity PLUS Convexity ETF in the 2nd quarter valued at about $347,000. Integrated Wealth Concepts LLC increased its holdings in shares of Simplify US Equity PLUS Convexity ETF by 11.5% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 326,608 shares of the company’s stock valued at $14,920,000 after acquiring an additional 33,569 shares during the last quarter. Finally, Montgomery Financial Services LLC acquired a new stake in shares of Simplify US Equity PLUS Convexity ETF during the 2nd quarter worth about $60,000.

Simplify US Equity PLUS Convexity ETF Price Performance

Shares of SPYC stock traded down $0.29 on Friday, hitting $43.83. The stock had a trading volume of 14,565 shares, compared to its average volume of 12,844. The firm has a market capitalization of $67.94 million, a P/E ratio of 24.83 and a beta of 0.98. The company’s 50 day moving average price is $45.46 and its 200-day moving average price is $44.35. Simplify US Equity PLUS Convexity ETF has a 1 year low of $38.50 and a 1 year high of $48.96.

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.