Short Interest in Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) Increases By 1,054.5%

Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 11,464 shares, a growth of 1,054.5% from the August 15th total of 993 shares. Currently, 1.2% of the company’s stock are sold short. Based on an average trading volume of 3,753 shares, the days-to-cover ratio is currently 3.1 days.

Simplify U.S. Equity PLUS GBTC ETF Stock Performance

SPBC stock traded up $0.59 during mid-day trading on Friday, reaching $49.90. The company had a trading volume of 242 shares, compared to its average volume of 6,902. The firm has a fifty day simple moving average of $48.68 and a 200 day simple moving average of $46.59. The company has a market capitalization of $46.41 million, a price-to-earnings ratio of 131.32 and a beta of 1.22. Simplify U.S. Equity PLUS GBTC ETF has a fifty-two week low of $40.29 and a fifty-two week high of $50.64.

Simplify U.S. Equity PLUS GBTC ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, June 25th. Simplify U.S. Equity PLUS GBTC ETF’s dividend payout ratio (DPR) is presently 105.26%.

Institutional Trading of Simplify U.S. Equity PLUS GBTC ETF

Several institutional investors have recently modified their holdings of the stock. ARQ Wealth Advisors LLC boosted its position in shares of Simplify U.S. Equity PLUS GBTC ETF by 12.4% in the 4th quarter. ARQ Wealth Advisors LLC now owns 7,263 shares of the company’s stock valued at $325,000 after purchasing an additional 803 shares during the period. Worth Asset Management LLC acquired a new position in shares of Simplify U.S. Equity PLUS GBTC ETF during the second quarter worth about $396,000. NewEdge Advisors LLC raised its stake in shares of Simplify U.S. Equity PLUS GBTC ETF by 630.1% during the 3rd quarter. NewEdge Advisors LLC now owns 9,418 shares of the company’s stock worth $422,000 after buying an additional 8,128 shares in the last quarter. Susquehanna International Group LLP purchased a new position in Simplify U.S. Equity PLUS GBTC ETF in the third quarter worth $1,044,000. Finally, Private Advisor Group LLC increased its holdings in shares of Simplify U.S. Equity PLUS GBTC ETF by 0.9% in the 1st quarter. Private Advisor Group LLC now owns 57,214 shares of the company’s stock valued at $2,379,000 after purchasing an additional 498 shares in the last quarter. Hedge funds and other institutional investors own 31.71% of the company’s stock.

About Simplify U.S. Equity PLUS GBTC ETF

SP Bancorp, Inc is a non-diversified savings and loan holding company for SharePlus Federal Bank (the Bank). The Bank is a federally chartered savings bank. The Bank provides financial services to individuals, families and businesses through its six banking offices. The Bank’s business consists primarily of taking deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in mortgage loans secured by residential real estate, home equity loans and lines of credit, commercial real estate loans, consumer loans (consisting primarily of automobile loans) and commercial business loans.