Simplify Hedged Equity ETF (NYSEARCA:HEQT – Get Free Report) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 39,578 shares, a growth of 79.7% from the June 30th total of 22,027 shares. Based on an average daily volume of 70,475 shares, the short-interest ratio is currently 0.6 days. Currently, 0.4% of the company’s stock are sold short.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the stock. Private Advisor Group LLC lifted its holdings in Simplify Hedged Equity ETF by 466.8% during the 4th quarter. Private Advisor Group LLC now owns 1,120,557 shares of the company’s stock valued at $35,914,000 after purchasing an additional 922,843 shares during the last quarter. Keudell Morrison Wealth Management acquired a new stake in shares of Simplify Hedged Equity ETF during the 4th quarter worth $16,574,000. Leo Wealth LLC acquired a new position in shares of Simplify Hedged Equity ETF in the 4th quarter valued at approximately $10,625,000. Kovack Advisors Inc. bought a new position in shares of Simplify Hedged Equity ETF in the 4th quarter valued at $6,298,000. Finally, TSG Advice Partners LLC bought a new position in shares of Simplify Hedged Equity ETF in the first quarter worth about $5,848,000.
Simplify Hedged Equity ETF Stock Up 0.5%
Shares of NYSEARCA:HEQT traded up $0.16 during midday trading on Friday, reaching $33.68. 10,589 shares of the company were exchanged, compared to its average volume of 76,056. The firm has a market cap of $297.06 million, a PE ratio of 25.09 and a beta of 0.47. The stock has a fifty day simple moving average of $33.47 and a two-hundred day simple moving average of $32.73. Simplify Hedged Equity ETF has a fifty-two week low of $30.16 and a fifty-two week high of $33.79.
About Simplify Hedged Equity ETF
The Simplify Hedged Equity ETF (HEQT) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks capital appreciation by investing in ETFs that track the S&P 500 Index, while employing an options collar strategy. Each collar consists of an approximately 5% to 20% out-of-the-money put-spread. HEQT was launched on Nov 1, 2021 and is managed by Simplify.
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