Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) Sees Large Increase in Short Interest

Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 717 shares, an increase of 148.1% from the July 15th total of 289 shares. Based on an average daily volume of 8,378 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Simplify US Equity PLUS Downside Convexity ETF Stock Down 0.4%

SPD stock traded down $0.17 during trading on Friday, reaching $43.15. The stock had a trading volume of 2,992 shares, compared to its average volume of 12,460. The company has a market capitalization of $110.03 million, a price-to-earnings ratio of 28.26 and a beta of 0.75. Simplify US Equity PLUS Downside Convexity ETF has a one year low of $35.72 and a one year high of $43.93. The company’s 50 day moving average is $41.59 and its two-hundred day moving average is $39.97.

Institutional Trading of Simplify US Equity PLUS Downside Convexity ETF

A number of institutional investors and hedge funds have recently modified their holdings of SPD. Kingdom Financial Group LLC. bought a new stake in Simplify US Equity PLUS Downside Convexity ETF during the fourth quarter worth $83,000. Osaic Holdings Inc. increased its position in shares of Simplify US Equity PLUS Downside Convexity ETF by 21.8% during the 2nd quarter. Osaic Holdings Inc. now owns 7,218 shares of the company’s stock valued at $265,000 after purchasing an additional 1,291 shares during the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Simplify US Equity PLUS Downside Convexity ETF during the 3rd quarter valued at $456,000. Citadel Advisors LLC bought a new stake in shares of Simplify US Equity PLUS Downside Convexity ETF during the 3rd quarter worth $464,000. Finally, Howard Bailey Securities LLC raised its stake in shares of Simplify US Equity PLUS Downside Convexity ETF by 16.6% during the 4th quarter. Howard Bailey Securities LLC now owns 17,919 shares of the company’s stock worth $704,000 after purchasing an additional 2,550 shares during the period.

About Simplify US Equity PLUS Downside Convexity ETF

The Simplify US Equity PLUS Downside Convexity ETF (SPD) 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 US large-cap stocks while applying a downside options overlay strategy. SPD was launched on Sep 3, 2020 and is managed by Simplify.