Simplify Currency Strategy ETF (NYSEARCA:FOXY) Sees Large Growth in Short Interest

Simplify Currency Strategy ETF (NYSEARCA:FOXY) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 203,025 shares, an increase of 200.9% from the June 30th total of 67,470 shares. Based on an average trading volume of 71,945 shares, the short-interest ratio is presently 2.8 days. Approximately 1.6% of the shares of the stock are short sold.

Institutional Investors Weigh In On Simplify Currency Strategy ETF

Several hedge funds and other institutional investors have recently made changes to their positions in FOXY. Jane Street Group LLC purchased a new position in Simplify Currency Strategy ETF during the first quarter worth approximately $560,000. BNP Paribas Financial Markets acquired a new position in shares of Simplify Currency Strategy ETF during the 3rd quarter valued at about $3,446,000. Bank of America Corp DE boosted its position in shares of Simplify Currency Strategy ETF by 2.0% during the 3rd quarter. Bank of America Corp DE now owns 51,000 shares of the company’s stock valued at $1,406,000 after acquiring an additional 1,000 shares during the last quarter. Sound Income Strategies LLC purchased a new stake in shares of Simplify Currency Strategy ETF in the fourth quarter valued at about $26,000. Finally, Networth Advisors LLC purchased a new stake in shares of Simplify Currency Strategy ETF in the fourth quarter valued at about $472,000.

Simplify Currency Strategy ETF Stock Up 0.9%

FOXY stock traded up $0.25 during mid-day trading on Monday, reaching $28.84. The company’s stock had a trading volume of 52,226 shares, compared to its average volume of 67,701. The company’s 50 day moving average is $29.30 and its two-hundred day moving average is $29.16. Simplify Currency Strategy ETF has a fifty-two week low of $25.87 and a fifty-two week high of $32.20.

About Simplify Currency Strategy ETF

The Simplify Currency Strategy ETF (FOXY) is an exchange-traded fund that mostly invests in long global basket, short usd currency. The fund is an actively managed fund with long and short exposures in foreign currencies through forward contracts and swaps, as well as futures contracts. It employs a combination of mean-reversion strategy for G10 currencies and a carry strategy for emerging market currencies. FOXY was launched on Feb 3, 2025 and is issued by Simplify.