Simplify Multi-QIS Alternative ETF (NYSEARCA:QIS) Short Interest Down 44.9% in July

Simplify Multi-QIS Alternative ETF (NYSEARCA:QIS) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 5,283 shares, a drop of 44.9% from the July 15th total of 9,582 shares. Based on an average daily trading volume, of 677 shares, the short-interest ratio is currently 7.8 days. Currently, 0.1% of the shares of the company are short sold.

Simplify Multi-QIS Alternative ETF Trading Up 4.5%

Simplify Multi-QIS Alternative ETF stock traded up $0.46 during mid-day trading on Monday, hitting $10.78. 163 shares of the company’s stock traded hands, compared to its average volume of 2,430. The firm has a 50 day simple moving average of $10.17 and a two-hundred day simple moving average of $12.15. Simplify Multi-QIS Alternative ETF has a fifty-two week low of $9.14 and a fifty-two week high of $20.88.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of QIS. Kestra Advisory Services LLC bought a new position in shares of Simplify Multi-QIS Alternative ETF during the fourth quarter worth approximately $77,000. Jane Street Group LLC bought a new stake in Simplify Multi-QIS Alternative ETF in the 4th quarter valued at $225,000. Finally, Envestnet Asset Management Inc. grew its holdings in Simplify Multi-QIS Alternative ETF by 4.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 29,651 shares of the company’s stock valued at $568,000 after buying an additional 1,382 shares in the last quarter.

About Simplify Multi-QIS Alternative ETF

The Simplify Multi-QIS Alternative ETF (QIS) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund aims to provide positive absolute returns and income using quantitative investment strategies to invest across equities, interest rates, commodities, and currencies through total return swaps. QIS was launched on Jul 10, 2023 and is issued by Simplify.