Short Interest in Simplify Hedged Equity ETF (NYSEARCA:HEQT) Increases By 3,157.0%

Simplify Hedged Equity ETF (NYSEARCA:HEQT) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 21,138 shares, a growth of 3,157.0% from the April 30th total of 649 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 27,708 shares, the days-to-cover ratio is presently 0.8 days.

Simplify Hedged Equity ETF Price Performance

HEQT stock remained flat at $33.36 during mid-day trading on Wednesday. The company’s stock had a trading volume of 60,104 shares, compared to its average volume of 81,929. The stock has a market capitalization of $325.26 million, a P/E ratio of 25.09 and a beta of 0.48. Simplify Hedged Equity ETF has a 1-year low of $29.30 and a 1-year high of $33.46. The company has a 50-day moving average price of $32.39 and a two-hundred day moving average price of $32.21.

Institutional Trading of Simplify Hedged Equity ETF

A number of large investors have recently modified their holdings of the business. Independent Wealth Advisors LLC grew its holdings in shares of Simplify Hedged Equity ETF by 5.7% during the first quarter. Independent Wealth Advisors LLC now owns 185,810 shares of the company’s stock worth $5,853,000 after purchasing an additional 10,054 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Simplify Hedged Equity ETF by 33.5% during the first quarter. Royal Bank of Canada now owns 10,850 shares of the company’s stock worth $342,000 after purchasing an additional 2,725 shares in the last quarter. Harmony Asset Management LLC grew its holdings in shares of Simplify Hedged Equity ETF by 2.2% during the first quarter. Harmony Asset Management LLC now owns 108,920 shares of the company’s stock worth $3,431,000 after purchasing an additional 2,375 shares in the last quarter. ARQ Wealth Advisors LLC grew its holdings in shares of Simplify Hedged Equity ETF by 10.8% during the first quarter. ARQ Wealth Advisors LLC now owns 302,463 shares of the company’s stock worth $9,528,000 after purchasing an additional 29,412 shares in the last quarter. Finally, Diversify Wealth Management LLC purchased a new position in shares of Simplify Hedged Equity ETF during the first quarter worth about $371,000.

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.