Simplify US Equity PLUS Upside Convexity ETF (NYSEARCA:SPUC) Short Interest Up 89.3% in August

Simplify US Equity PLUS Upside Convexity ETF (NYSEARCA:SPUC) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 15,428 shares, a growth of 89.3% from the July 30th total of 8,150 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily volume of 28,703 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of Simplify US Equity PLUS Upside Convexity ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Commonwealth Equity Services LLC lifted its stake in Simplify US Equity PLUS Upside Convexity ETF by 6.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 227,107 shares of the company’s stock worth $10,582,000 after acquiring an additional 14,014 shares during the period. Lloyd Advisory Services LLC. bought a new stake in shares of Simplify US Equity PLUS Upside Convexity ETF in the 4th quarter valued at about $1,597,000. Elevated Capital Advisors LLC bought a new stake in shares of Simplify US Equity PLUS Upside Convexity ETF in the 1st quarter valued at about $514,000. B.O.S.S. Retirement Advisors LLC bought a new stake in shares of Simplify US Equity PLUS Upside Convexity ETF in the 4th quarter valued at about $479,000. Finally, Howard Bailey Securities LLC purchased a new stake in shares of Simplify US Equity PLUS Upside Convexity ETF in the 4th quarter worth approximately $424,000.

Simplify US Equity PLUS Upside Convexity ETF Stock Performance

NYSEARCA SPUC traded down $0.21 on Friday, reaching $49.56. 76,200 shares of the stock traded hands, compared to its average volume of 38,824. The company has a fifty day moving average price of $49.45 and a 200-day moving average price of $48.07. The company has a market cap of $156.11 million, a price-to-earnings ratio of 21.23 and a beta of 1.24. 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.