Simplify Piper Sandler US Small-Cap PLUS Income ETF (NYSEARCA:LITL) Sees Large Growth in Short Interest

Simplify Piper Sandler US Small-Cap PLUS Income ETF (NYSEARCA:LITL) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totaling 217 shares, an increase of 3,516.7% from the April 15th total of 6 shares. Based on an average trading volume of 2,159 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Simplify Piper Sandler US Small-Cap PLUS Income ETF Stock Performance

Shares of LITL stock traded down $0.03 during mid-day trading on Monday, hitting $31.50. The company’s stock had a trading volume of 12,835 shares, compared to its average volume of 857. The company’s fifty day simple moving average is $29.92 and its 200-day simple moving average is $29.73. Simplify Piper Sandler US Small-Cap PLUS Income ETF has a 52 week low of $25.84 and a 52 week high of $31.64. The company has a market cap of $5.36 million, a PE ratio of 15.85 and a beta of 1.22.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Simplify Piper Sandler US Small-Cap PLUS Income ETF stock. Envestnet Asset Management Inc. acquired a new position in Simplify Piper Sandler US Small-Cap PLUS Income ETF (NYSEARCA:LITL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 52,403 shares of the company’s stock, valued at approximately $1,494,000. Envestnet Asset Management Inc. owned approximately 26.20% of Simplify Piper Sandler US Small-Cap PLUS Income ETF at the end of the most recent quarter. Hedge funds and other institutional investors own 0.13% of the company’s stock.

About Simplify Piper Sandler US Small-Cap PLUS Income ETF

The Simplify Piper Sandler US Small-Cap PLUS Income ETF (LITL) is an actively managed exchange-traded fund that seeks to provide capital appreciation and income. The fund invests in U.S. small-cap equities that are well-positioned in the current business cycle and employs an options overlay strategy to enhance income.