Simplify US Equity PLUS Upside Convexity ETF (NYSEARCA:SPUC) Sees Significant Decrease in Short Interest

Simplify US Equity PLUS Upside Convexity ETF (NYSEARCA:SPUC) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 7,004 shares, a drop of 58.7% from the August 31st total of 16,956 shares. Based on an average trading volume of 35,559 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of Simplify US Equity PLUS Upside Convexity ETF

A hedge fund recently bought a new stake in Simplify US Equity PLUS Upside Convexity ETF stock. Elevated Capital Advisors LLC bought a new position in Simplify US Equity PLUS Upside Convexity ETF (NYSEARCA:SPUC) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 11,636 shares of the company’s stock, valued at approximately $514,000. Elevated Capital Advisors LLC owned 0.51% of Simplify US Equity PLUS Upside Convexity ETF at the end of the most recent reporting period.

Simplify US Equity PLUS Upside Convexity ETF Trading Down 1.1%

Simplify US Equity PLUS Upside Convexity ETF stock traded down $0.52 during trading hours on Monday, reaching $48.69. 116,331 shares of the company were exchanged, compared to its average volume of 39,308. The firm has a market cap of $241.02 million, a price-to-earnings ratio of 21.23 and a beta of 1.24. The stock has a 50-day moving average of $49.53 and a 200 day moving average of $48.46. Simplify US Equity PLUS Upside Convexity ETF has a 12 month low of $42.89 and a 12 month high of $52.08.

Simplify US Equity PLUS Upside Convexity ETF Company Profile

The Simplify US Equity PLUS Upside Convexity ETF (SPUC) is an exchange-traded fund that is based on the S&P 500 index. The fund is actively managed to provide exposure to the S&P 500 stocks while applying an upside options overlay strategy. SPUC was launched on Sep 3, 2020 and is managed by Simplify.