Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) Short Interest Update

Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totaling 6,449 shares, an increase of 72.3% from the March 31st total of 3,743 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 12,756 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On Simplify US Equity PLUS Downside Convexity ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Networth Advisors LLC acquired a new stake in Simplify US Equity PLUS Downside Convexity ETF in the fourth quarter valued at $27,000. Kingdom Financial Group LLC. acquired a new stake in shares of Simplify US Equity PLUS Downside Convexity ETF during the fourth quarter worth $83,000. Great Lakes Retirement Inc. bought a new position in shares of Simplify US Equity PLUS Downside Convexity ETF during the third quarter worth approximately $207,000. Osaic Holdings Inc. lifted its position in shares of Simplify US Equity PLUS Downside Convexity ETF by 21.8% during the 2nd quarter. Osaic Holdings Inc. now owns 7,218 shares of the company’s stock valued at $265,000 after acquiring an additional 1,291 shares during the period. Finally, Centennial Advisors LLC bought a new stake in shares of Simplify US Equity PLUS Downside Convexity ETF during the 4th quarter worth approximately $324,000.

Simplify US Equity PLUS Downside Convexity ETF Trading Down 0.5%

Shares of SPD opened at $39.45 on Wednesday. The stock has a market cap of $107.30 million, a P/E ratio of 28.26 and a beta of 0.73. The stock’s 50-day moving average price is $38.00 and its two-hundred day moving average price is $38.96. Simplify US Equity PLUS Downside Convexity ETF has a 1 year low of $33.94 and a 1 year high of $41.20.

Simplify US Equity PLUS Downside Convexity ETF Company Profile

The Simplify US Equity PLUS Downside Convexity ETF (SPD) 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 US large-cap stocks while applying a downside options overlay strategy. SPD was launched on Sep 3, 2020 and is managed by Simplify.