Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) Short Interest Update

Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) saw a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 3,576 shares, a decrease of 73.4% from the February 26th total of 13,444 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 30,925 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 30,925 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

Simplify US Equity PLUS Downside Convexity ETF Stock Up 0.3%

NYSEARCA:SPD traded up $0.10 on Wednesday, reaching $36.90. 2,718 shares of the company’s stock traded hands, compared to its average volume of 15,830. The stock has a 50-day simple moving average of $38.70 and a 200-day simple moving average of $39.21. Simplify US Equity PLUS Downside Convexity ETF has a 12 month low of $29.54 and a 12 month high of $41.20. The firm has a market cap of $109.59 million, a PE ratio of 28.26 and a beta of 0.74.

Institutional Trading of Simplify US Equity PLUS Downside Convexity ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in SPD. Jane Street Group LLC boosted its stake in Simplify US Equity PLUS Downside Convexity ETF by 182.4% in the 1st quarter. Jane Street Group LLC now owns 20,967 shares of the company’s stock worth $649,000 after purchasing an additional 13,543 shares during the period. Transce3nd LLC purchased a new position in shares of Simplify US Equity PLUS Downside Convexity ETF in the second quarter worth $30,000. Evolution Wealth Management Inc. bought a new position in shares of Simplify US Equity PLUS Downside Convexity ETF during the second quarter worth $3,602,000. Osaic Holdings Inc. boosted its position in shares of Simplify US Equity PLUS Downside Convexity ETF by 21.8% during the second quarter. Osaic Holdings Inc. now owns 7,218 shares of the company’s stock worth $265,000 after acquiring an additional 1,291 shares during the last quarter. Finally, CWM LLC grew its stake in Simplify US Equity PLUS Downside Convexity ETF by 3,528.9% during the third quarter. CWM LLC now owns 30,483 shares of the company’s stock valued at $1,204,000 after acquiring an additional 29,643 shares in the last quarter.

Simplify US Equity PLUS Downside Convexity ETF Company Profile

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.