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

Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) saw a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 2,192 shares, a decline of 60.4% from the May 14th total of 5,542 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 8,780 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SPD. CWM LLC boosted its position in Simplify US Equity PLUS Downside Convexity ETF by 43.0% during the fourth quarter. CWM LLC now owns 43,586 shares of the company’s stock worth $1,711,000 after purchasing an additional 13,103 shares during the period. Evolution Wealth Management Inc. raised its position in shares of Simplify US Equity PLUS Downside Convexity ETF by 14.7% in the fourth quarter. Evolution Wealth Management Inc. now owns 114,806 shares of the company’s stock valued at $4,507,000 after purchasing an additional 14,749 shares during the period. Lloyd Advisory Services LLC. lifted its stake in shares of Simplify US Equity PLUS Downside Convexity ETF by 6.6% during the 4th quarter. Lloyd Advisory Services LLC. now owns 47,645 shares of the company’s stock worth $1,871,000 after buying an additional 2,953 shares during the last quarter. Kingdom Financial Group LLC. acquired a new stake in shares of Simplify US Equity PLUS Downside Convexity ETF during the 4th quarter worth about $83,000. Finally, Elevated Capital Advisors LLC boosted its holdings in shares of Simplify US Equity PLUS Downside Convexity ETF by 54.4% during the 1st quarter. Elevated Capital Advisors LLC now owns 23,631 shares of the company’s stock worth $859,000 after buying an additional 8,327 shares during the period.

Simplify US Equity PLUS Downside Convexity ETF Stock Performance

Simplify US Equity PLUS Downside Convexity ETF stock traded up $0.17 during midday trading on Friday, reaching $41.28. 996 shares of the company’s stock were exchanged, compared to its average volume of 14,035. Simplify US Equity PLUS Downside Convexity ETF has a 52 week low of $35.72 and a 52 week high of $42.15. The firm has a market cap of $112.28 million, a price-to-earnings ratio of 28.26 and a beta of 0.75. The stock’s 50-day simple moving average is $40.06 and its 200 day simple moving average is $39.30.

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.