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

Simplify Piper Sandler US Small-Cap PLUS Income ETF (NYSEARCA:LITL) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 121 shares, an increase of 98.4% from the September 30th total of 61 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 468 shares, the short-interest ratio is currently 0.3 days.

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

Shares of NYSEARCA:LITL traded up $0.35 during trading hours on Monday, hitting $34.27. The stock had a trading volume of 11,864 shares, compared to its average volume of 1,324. The stock’s fifty day simple moving average is $33.74 and its 200 day simple moving average is $32.10. The firm has a market capitalization of $5.83 million, a price-to-earnings ratio of 15.85 and a beta of 0.68. Simplify Piper Sandler US Small-Cap PLUS Income ETF has a 1-year low of $26.45 and a 1-year high of $35.36.

About Simplify Piper Sandler US Small-Cap PLUS Income ETF

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.