Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) Sees Large Decline in Short Interest

Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 796 shares, a decline of 91.5% from the September 15th total of 9,325 shares. Based on an average daily volume of 6,311 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

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

Several hedge funds have recently modified their holdings of the stock. Worth Asset Management LLC increased its stake in shares of Simplify U.S. Equity PLUS GBTC ETF by 68.6% in the 3rd quarter. Worth Asset Management LLC now owns 14,158 shares of the company’s stock valued at $709,000 after buying an additional 5,761 shares during the period. Professional Financial Advisors LLC boosted its stake in Simplify U.S. Equity PLUS GBTC ETF by 2.9% in the second quarter. Professional Financial Advisors LLC now owns 130,926 shares of the company’s stock valued at $6,179,000 after acquiring an additional 3,742 shares during the last quarter. NewEdge Advisors LLC grew its holdings in Simplify U.S. Equity PLUS GBTC ETF by 14.5% during the 1st quarter. NewEdge Advisors LLC now owns 14,259 shares of the company’s stock worth $593,000 after acquiring an additional 1,811 shares during the period. Finally, Private Advisor Group LLC grew its holdings in Simplify U.S. Equity PLUS GBTC ETF by 0.9% during the 1st quarter. Private Advisor Group LLC now owns 57,214 shares of the company’s stock worth $2,379,000 after acquiring an additional 498 shares during the period. 31.71% of the stock is owned by institutional investors.

Simplify U.S. Equity PLUS GBTC ETF Trading Up 0.7%

Simplify U.S. Equity PLUS GBTC ETF stock traded up $0.36 during trading hours on Friday, reaching $51.06. 6,903 shares of the company were exchanged, compared to its average volume of 6,900. The stock has a 50-day moving average of $49.82 and a 200 day moving average of $47.59. Simplify U.S. Equity PLUS GBTC ETF has a 12 month low of $40.29 and a 12 month high of $51.50. The firm has a market cap of $41.87 million, a price-to-earnings ratio of 134.37 and a beta of 1.22.

Simplify U.S. Equity PLUS GBTC ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Friday, September 25th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, September 25th. Simplify U.S. Equity PLUS GBTC ETF’s dividend payout ratio is currently 105.26%.

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.