Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) Short Interest Up 125.4% in May

Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 3,706 shares, an increase of 125.4% from the May 14th total of 1,644 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 2,472 shares, the days-to-cover ratio is presently 1.5 days.

Simplify U.S. Equity PLUS GBTC ETF Stock Up 0.5%

SPBC stock opened at $47.13 on Friday. The business’s fifty day simple moving average is $46.49 and its two-hundred day simple moving average is $45.01. Simplify U.S. Equity PLUS GBTC ETF has a twelve month low of $39.66 and a twelve month high of $48.72. The firm has a market cap of $43.83 million, a price-to-earnings ratio of 124.01 and a beta of 1.22.

Simplify U.S. Equity PLUS GBTC ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a $0.10 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.40 dividend on an annualized basis and a yield of 0.8%. Simplify U.S. Equity PLUS GBTC ETF’s dividend payout ratio (DPR) is presently 105.26%.

Institutional Trading of Simplify U.S. Equity PLUS GBTC ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of SPBC. SFG Wealth Management LLC. purchased a new stake in Simplify U.S. Equity PLUS GBTC ETF in the third quarter worth $4,452,000. WJ Wealth Management LLC purchased a new stake in Simplify U.S. Equity PLUS GBTC ETF in the third quarter worth $2,760,000. Susquehanna International Group LLP bought a new position in shares of Simplify U.S. Equity PLUS GBTC ETF during the 3rd quarter worth $1,044,000. NewEdge Advisors LLC grew its position in shares of Simplify U.S. Equity PLUS GBTC ETF by 630.1% during the 3rd quarter. NewEdge Advisors LLC now owns 9,418 shares of the company’s stock worth $422,000 after buying an additional 8,128 shares in the last quarter. Finally, Total Clarity Wealth Management Inc. grew its position in shares of Simplify U.S. Equity PLUS GBTC ETF by 19.7% during the 4th quarter. Total Clarity Wealth Management Inc. now owns 48,480 shares of the company’s stock worth $2,168,000 after buying an additional 7,962 shares in the last quarter. Hedge funds and other institutional investors own 31.71% of the company’s stock.

Simplify U.S. Equity PLUS GBTC ETF Company Profile

SP Bancorp, Inc is a non-diversified savings and loan holding company for SharePlus Federal Bank (the Bank). The Bank is a federally chartered savings bank. The Bank provides financial services to individuals, families and businesses through its six banking offices. The Bank’s business consists primarily of taking deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in mortgage loans secured by residential real estate, home equity loans and lines of credit, commercial real estate loans, consumer loans (consisting primarily of automobile loans) and commercial business loans.