Simplify US Equity PLUS Upside Convexity ETF (NYSEARCA:SPUC) Sees Significant Increase in Short Interest

Simplify US Equity PLUS Upside Convexity ETF (NYSEARCA:SPUCGet Free Report) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 8,150 shares, an increase of 11,064.4% from the July 15th total of 73 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 384,014 shares, the days-to-cover ratio is presently 0.0 days.

Simplify US Equity PLUS Upside Convexity ETF Stock Down 0.3%

Shares of SPUC traded down $0.13 during midday trading on Tuesday, hitting $50.28. The company’s stock had a trading volume of 20,340 shares, compared to its average volume of 38,765. Simplify US Equity PLUS Upside Convexity ETF has a one year low of $42.89 and a one year high of $52.08. The company’s fifty day simple moving average is $49.21 and its two-hundred day simple moving average is $47.81. The stock has a market capitalization of $158.38 million, a price-to-earnings ratio of 21.23 and a beta of 1.24.

Institutional Trading of Simplify US Equity PLUS Upside Convexity ETF

Several large investors have recently bought and sold shares of the business. Kingdom Financial Group LLC. bought a new position in Simplify US Equity PLUS Upside Convexity ETF in the fourth quarter valued at about $85,000. Kestra Advisory Services LLC bought a new position in shares of Simplify US Equity PLUS Upside Convexity ETF in the fourth quarter worth about $86,000. Bank of America Corp DE bought a new position in shares of Simplify US Equity PLUS Upside Convexity ETF in the third quarter worth about $162,000. LifeWealth Investments LLC bought a new position in shares of Simplify US Equity PLUS Upside Convexity ETF in the fourth quarter worth about $219,000. Finally, Great Lakes Retirement Inc. acquired a new stake in shares of Simplify US Equity PLUS Upside Convexity ETF in the 4th quarter valued at approximately $251,000.

About Simplify US Equity PLUS Upside Convexity ETF

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The Simplify US Equity PLUS Upside Convexity ETF (SPUC) is an exchange-traded fund that is based on the S&P 500 index. The fund is actively managed to provide exposure to the S&P 500 stocks while applying an upside options overlay strategy. SPUC was launched on Sep 3, 2020 and is managed by Simplify.

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