Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) Short Interest Down 87.2% in February

Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) was the target of a significant decrease in short interest in February. As of February 13th, there was short interest totaling 1,587 shares, a decrease of 87.2% from the January 29th total of 12,402 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 12,676 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 12,676 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Simplify US Equity PLUS Convexity ETF Trading Up 1.0%

Shares of SPYC stock traded up $0.42 during trading hours on Wednesday, hitting $42.66. 5,502 shares of the company’s stock were exchanged, compared to its average volume of 9,408. The company has a market capitalization of $97.26 million, a PE ratio of 26.87 and a beta of 0.98. Simplify US Equity PLUS Convexity ETF has a 12-month low of $30.67 and a 12-month high of $45.21. The business’s 50 day simple moving average is $42.85 and its 200-day simple moving average is $42.68.

Institutional Trading of Simplify US Equity PLUS Convexity ETF

Hedge funds have recently added to or reduced their stakes in the business. Austin Wealth Management LLC boosted its position in Simplify US Equity PLUS Convexity ETF by 5.9% during the fourth quarter. Austin Wealth Management LLC now owns 904,781 shares of the company’s stock valued at $39,113,000 after buying an additional 50,063 shares during the period. Integrated Wealth Concepts LLC lifted its stake in shares of Simplify US Equity PLUS Convexity ETF by 29.3% in the 4th quarter. Integrated Wealth Concepts LLC now owns 323,898 shares of the company’s stock valued at $13,845,000 after acquiring an additional 73,490 shares during the last quarter. Entrewealth LLC lifted its stake in shares of Simplify US Equity PLUS Convexity ETF by 10.2% in the 3rd quarter. Entrewealth LLC now owns 218,625 shares of the company’s stock valued at $9,370,000 after acquiring an additional 20,159 shares during the last quarter. AE Wealth Management LLC boosted its holdings in Simplify US Equity PLUS Convexity ETF by 11.6% during the 4th quarter. AE Wealth Management LLC now owns 129,251 shares of the company’s stock valued at $5,525,000 after acquiring an additional 13,432 shares during the period. Finally, Evolution Wealth Management Inc. grew its position in Simplify US Equity PLUS Convexity ETF by 7.2% during the 4th quarter. Evolution Wealth Management Inc. now owns 74,961 shares of the company’s stock worth $3,204,000 after acquiring an additional 5,020 shares during the last quarter.

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.