Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) Short Interest Up 148.1% in July

Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 717 shares, a growth of 148.1% from the July 15th total of 289 shares. Based on an average daily volume of 8,378 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Simplify US Equity PLUS Downside Convexity ETF Price Performance

Simplify US Equity PLUS Downside Convexity ETF stock opened at $43.32 on Friday. Simplify US Equity PLUS Downside Convexity ETF has a 12-month low of $35.72 and a 12-month high of $43.93. The firm’s fifty day moving average price is $41.54 and its 200 day moving average price is $39.95. The company has a market capitalization of $110.47 million, a price-to-earnings ratio of 28.26 and a beta of 0.75.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. LPL Financial LLC raised its position in shares of Simplify US Equity PLUS Downside Convexity ETF by 856.0% during the 4th quarter. LPL Financial LLC now owns 384,800 shares of the company’s stock worth $15,107,000 after purchasing an additional 344,548 shares during the period. Ironsides Asset Advisors LLC lifted its position in Simplify US Equity PLUS Downside Convexity ETF by 21.9% in the 4th quarter. Ironsides Asset Advisors LLC now owns 104,611 shares of the company’s stock valued at $4,107,000 after purchasing an additional 18,772 shares during the last quarter. Evolution Wealth Management Inc. boosted its stake in Simplify US Equity PLUS Downside Convexity ETF by 13.9% during the 1st quarter. Evolution Wealth Management Inc. now owns 130,790 shares of the company’s stock valued at $4,757,000 after purchasing an additional 15,984 shares during the period. Jane Street Group LLC boosted its stake in Simplify US Equity PLUS Downside Convexity ETF by 182.4% during the 1st quarter. Jane Street Group LLC now owns 20,967 shares of the company’s stock valued at $649,000 after purchasing an additional 13,543 shares during the period. Finally, CWM LLC grew its position in Simplify US Equity PLUS Downside Convexity ETF by 43.0% in the 4th quarter. CWM LLC now owns 43,586 shares of the company’s stock worth $1,711,000 after purchasing an additional 13,103 shares during the last quarter.

About Simplify US Equity PLUS Downside Convexity ETF

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.