Short Interest in Simplify Multi-QIS Alternative ETF (NYSEARCA:QIS) Drops By 44.9%

Simplify Multi-QIS Alternative ETF (NYSEARCA:QIS) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 5,283 shares, a decrease of 44.9% from the July 15th total of 9,582 shares. Based on an average daily volume of 677 shares, the days-to-cover ratio is currently 7.8 days. Currently, 0.1% of the company’s shares are sold short.

Simplify Multi-QIS Alternative ETF Trading Up 4.5%

Shares of NYSEARCA QIS opened at $10.78 on Wednesday. Simplify Multi-QIS Alternative ETF has a 1 year low of $9.14 and a 1 year high of $20.88. The company’s 50-day moving average is $10.16 and its 200 day moving average is $12.12.

Institutional Investors Weigh In On Simplify Multi-QIS Alternative ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new stake in shares of Simplify Multi-QIS Alternative ETF in the 4th quarter worth approximately $225,000. Kestra Advisory Services LLC purchased a new stake in shares of Simplify Multi-QIS Alternative ETF in the fourth quarter worth $77,000. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Simplify Multi-QIS Alternative ETF by 4.9% during the third quarter. Envestnet Asset Management Inc. now owns 29,651 shares of the company’s stock valued at $568,000 after acquiring an additional 1,382 shares in the last quarter.

Simplify Multi-QIS Alternative ETF Company Profile

The Simplify Multi-QIS Alternative ETF (QIS) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund aims to provide positive absolute returns and income using quantitative investment strategies to invest across equities, interest rates, commodities, and currencies through total return swaps. QIS was launched on Jul 10, 2023 and is issued by Simplify.