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

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

Institutional Investors Weigh In On Simplify US Equity PLUS Downside Convexity ETF

Several hedge funds have recently modified their holdings of the stock. Networth Advisors LLC acquired a new stake in Simplify US Equity PLUS Downside Convexity ETF in the fourth quarter valued at $27,000. Kingdom Financial Group LLC. acquired a new position in shares of Simplify US Equity PLUS Downside Convexity ETF during the 4th quarter worth $83,000. Great Lakes Retirement Inc. acquired a new position in shares of Simplify US Equity PLUS Downside Convexity ETF during the 3rd quarter worth $207,000. Osaic Holdings Inc. raised its stake in shares of Simplify US Equity PLUS Downside Convexity ETF by 21.8% during the 2nd quarter. Osaic Holdings Inc. now owns 7,218 shares of the company’s stock worth $265,000 after buying an additional 1,291 shares during the last quarter. Finally, Centennial Advisors LLC acquired a new position in shares of Simplify US Equity PLUS Downside Convexity ETF during the 4th quarter worth $324,000.

Simplify US Equity PLUS Downside Convexity ETF Price Performance

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

Simplify US Equity PLUS Downside Convexity ETF Company Profile

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.