Short Interest in Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) Rises By 126.3%

Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 22,561 shares, an increase of 126.3% from the April 30th total of 9,969 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily volume of 21,652 shares, the short-interest ratio is presently 1.0 days.

Institutional Trading of Simplify US Equity PLUS Convexity ETF

Large investors have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new stake in shares of Simplify US Equity PLUS Convexity ETF in the 2nd quarter valued at $48,000. Osaic Holdings Inc. purchased a new stake in shares of Simplify US Equity PLUS Convexity ETF in the 2nd quarter valued at $67,000. Kingdom Financial Group LLC. purchased a new stake in shares of Simplify US Equity PLUS Convexity ETF in the 4th quarter valued at $79,000. Aptus Capital Advisors LLC boosted its holdings in shares of Simplify US Equity PLUS Convexity ETF by 52.0% in the 4th quarter. Aptus Capital Advisors LLC now owns 2,553 shares of the company’s stock valued at $109,000 after acquiring an additional 873 shares during the last quarter. Finally, Modern Wealth Management LLC purchased a new stake in shares of Simplify US Equity PLUS Convexity ETF in the 2nd quarter valued at $230,000.

Simplify US Equity PLUS Convexity ETF Price Performance

NYSEARCA:SPYC traded up $0.05 during trading hours on Friday, hitting $46.10. 5,768 shares of the company were exchanged, compared to its average volume of 9,859. The stock has a market capitalization of $106.03 million, a price-to-earnings ratio of 26.87 and a beta of 0.99. Simplify US Equity PLUS Convexity ETF has a 52-week low of $38.50 and a 52-week high of $46.19. The company’s 50 day moving average price is $42.71 and its 200-day moving average price is $42.64.

Simplify US Equity PLUS Convexity ETF Company Profile

The Simplify US Equity PLUS Convexity ETF (SPYC) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively managed, fund-of-funds that provides exposure to the S&P 500 with a systematic options overlay strategy. The overlay strategy seeks to enhance upside potential and hedge downside risk. SPYC was launched on Sep 3, 2020 and is managed by Simplify.