Simplify Piper Sandler US Small-Cap PLUS Income ETF (NYSEARCA:LITL) Sees Large Increase in Short Interest

Simplify Piper Sandler US Small-Cap PLUS Income ETF (NYSEARCA:LITL) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 217 shares, a growth of 3,516.7% from the April 15th total of 6 shares. Based on an average daily trading volume, of 2,159 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Simplify Piper Sandler US Small-Cap PLUS Income ETF stock. Envestnet Asset Management Inc. purchased a new stake in Simplify Piper Sandler US Small-Cap PLUS Income ETF (NYSEARCA:LITL) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 52,403 shares of the company’s stock, valued at approximately $1,494,000. Envestnet Asset Management Inc. owned about 26.20% of Simplify Piper Sandler US Small-Cap PLUS Income ETF as of its most recent filing with the Securities and Exchange Commission (SEC). 0.13% of the stock is owned by institutional investors and hedge funds.

Simplify Piper Sandler US Small-Cap PLUS Income ETF Price Performance

Shares of NYSEARCA LITL opened at $31.50 on Tuesday. Simplify Piper Sandler US Small-Cap PLUS Income ETF has a 1-year low of $25.84 and a 1-year high of $31.64. The business has a 50-day moving average of $29.95 and a 200-day moving average of $29.77. The company has a market capitalization of $5.36 million, a price-to-earnings ratio of 15.85 and a beta of 1.22.

Simplify Piper Sandler US Small-Cap PLUS Income ETF Company Profile

The Simplify Piper Sandler US Small-Cap PLUS Income ETF (LITL) is an actively managed exchange-traded fund that seeks to provide capital appreciation and income. The fund invests in U.S. small-cap equities that are well-positioned in the current business cycle and employs an options overlay strategy to enhance income.