Short Interest in Simplify Hedged Equity ETF (NYSEARCA:HEQT) Expands By 347.3%

Simplify Hedged Equity ETF (NYSEARCA:HEQT) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 22,027 shares, an increase of 347.3% from the June 15th total of 4,924 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 66,509 shares, the days-to-cover ratio is presently 0.3 days.

Simplify Hedged Equity ETF Stock Down 0.3%

Shares of NYSEARCA HEQT traded down $0.11 during midday trading on Monday, hitting $33.66. 28,228 shares of the company’s stock were exchanged, compared to its average volume of 79,093. The firm has a market capitalization of $299.57 million, a PE ratio of 25.09 and a beta of 0.47. Simplify Hedged Equity ETF has a 12 month low of $30.14 and a 12 month high of $33.77. The company’s 50 day moving average price is $33.35 and its 200 day moving average price is $32.59.

Institutional Investors Weigh In On Simplify Hedged Equity ETF

Several hedge funds have recently bought and sold shares of the stock. US Bancorp DE acquired a new stake in Simplify Hedged Equity ETF during the 3rd quarter worth approximately $42,000. Kestra Advisory Services LLC acquired a new stake in shares of Simplify Hedged Equity ETF during the fourth quarter worth $50,000. Advisors Preferred LLC acquired a new stake in shares of Simplify Hedged Equity ETF during the fourth quarter worth $112,000. JPMorgan Chase & Co. boosted its position in shares of Simplify Hedged Equity ETF by 26.9% in the third quarter. JPMorgan Chase & Co. now owns 4,339 shares of the company’s stock valued at $136,000 after acquiring an additional 921 shares during the period. Finally, Chatterton & Associates Inc. bought a new stake in shares of Simplify Hedged Equity ETF in the fourth quarter valued at about $222,000.

About Simplify Hedged Equity ETF

The Simplify Hedged Equity ETF (HEQT) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks capital appreciation by investing in ETFs that track the S&P 500 Index, while employing an options collar strategy. Each collar consists of an approximately 5% to 20% out-of-the-money put-spread. HEQT was launched on Nov 1, 2021 and is managed by Simplify.