Short Interest in Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) Rises By 1,054.5%

Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 11,464 shares, an increase of 1,054.5% from the August 15th total of 993 shares. Based on an average daily volume of 3,753 shares, the short-interest ratio is presently 3.1 days. Currently, 1.2% of the shares of the company are sold short.

Simplify U.S. Equity PLUS GBTC ETF Stock Performance

Simplify U.S. Equity PLUS GBTC ETF stock traded down $0.35 during mid-day trading on Thursday, reaching $49.28. The company’s stock had a trading volume of 2,334 shares, compared to its average volume of 6,941. The firm’s fifty day moving average price is $48.68 and its two-hundred day moving average price is $46.59. Simplify U.S. Equity PLUS GBTC ETF has a 12-month low of $40.29 and a 12-month high of $50.64. The company has a market capitalization of $45.83 million, a P/E ratio of 129.69 and a beta of 1.22.

Simplify U.S. Equity PLUS GBTC ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a $0.10 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.40 annualized dividend and a dividend yield of 0.8%. Simplify U.S. Equity PLUS GBTC ETF’s payout ratio is 105.26%.

Institutional Trading of Simplify U.S. Equity PLUS GBTC ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. ARQ Wealth Advisors LLC boosted its stake in Simplify U.S. Equity PLUS GBTC ETF by 12.4% in the 4th quarter. ARQ Wealth Advisors LLC now owns 7,263 shares of the company’s stock worth $325,000 after purchasing an additional 803 shares during the period. Worth Asset Management LLC bought a new stake in shares of Simplify U.S. Equity PLUS GBTC ETF during the second quarter valued at about $396,000. NewEdge Advisors LLC lifted its holdings in shares of Simplify U.S. Equity PLUS GBTC ETF by 630.1% in the third quarter. NewEdge Advisors LLC now owns 9,418 shares of the company’s stock worth $422,000 after buying an additional 8,128 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Simplify U.S. Equity PLUS GBTC ETF in the third quarter worth about $1,044,000. Finally, Private Advisor Group LLC boosted its position in shares of Simplify U.S. Equity PLUS GBTC ETF by 0.9% in the first quarter. Private Advisor Group LLC now owns 57,214 shares of the company’s stock valued at $2,379,000 after acquiring an additional 498 shares during the period. Hedge funds and other institutional investors own 31.71% of the company’s stock.

Simplify U.S. Equity PLUS GBTC ETF Company Profile

SP Bancorp, Inc is a non-diversified savings and loan holding company for SharePlus Federal Bank (the Bank). The Bank is a federally chartered savings bank. The Bank provides financial services to individuals, families and businesses through its six banking offices. The Bank’s business consists primarily of taking deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in mortgage loans secured by residential real estate, home equity loans and lines of credit, commercial real estate loans, consumer loans (consisting primarily of automobile loans) and commercial business loans.