Short Interest in Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) Expands By 74.4%

Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 12,503 shares, an increase of 74.4% from the August 15th total of 7,171 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 4,912 shares, the short-interest ratio is currently 2.5 days.

Simplify US Equity PLUS Convexity ETF Price Performance

Shares of NYSEARCA SPYC traded down $0.21 during midday trading on Wednesday, reaching $45.22. The company’s stock had a trading volume of 4,760 shares, compared to its average volume of 13,529. Simplify US Equity PLUS Convexity ETF has a 12-month low of $38.50 and a 12-month high of $48.96. The firm has a 50 day moving average price of $46.22 and a 200-day moving average price of $44.31. The stock has a market capitalization of $135.61 million, a P/E ratio of 26.87 and a beta of 0.99.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Montgomery Financial Services LLC purchased a new position in shares of Simplify US Equity PLUS Convexity ETF in the 2nd quarter worth about $60,000. Kingdom Financial Group LLC. purchased a new position in Simplify US Equity PLUS Convexity ETF in the fourth quarter valued at about $79,000. Howard Bailey Securities LLC boosted its stake in Simplify US Equity PLUS Convexity ETF by 13.4% in the fourth quarter. Howard Bailey Securities LLC now owns 11,046 shares of the company’s stock valued at $472,000 after acquiring an additional 1,309 shares during the last quarter. Elevated Capital Advisors LLC bought a new position in shares of Simplify US Equity PLUS Convexity ETF during the 1st quarter valued at approximately $509,000. Finally, Lloyd Advisory Services LLC. increased its stake in shares of Simplify US Equity PLUS Convexity ETF by 6.5% during the 4th quarter. Lloyd Advisory Services LLC. now owns 40,423 shares of the company’s stock worth $1,728,000 after purchasing an additional 2,460 shares during the last quarter.

About Simplify US Equity PLUS Convexity ETF

The Simplify US Equity PLUS Convexity ETF (SPYC) 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 the S&P 500 with a systematic options overlay strategy. The overlay strategy seeks to enhance upside potential and hedge downside risk. SPYC was launched on Sep 3, 2020 and is managed by Simplify.