Simplify US Equity PLUS Upside Convexity ETF (NYSEARCA:SPUC) Sees Large Decrease in Short Interest

Simplify US Equity PLUS Upside Convexity ETF (NYSEARCA:SPUC) was the recipient of a large drop in short interest in September. As of September 15th, there was short interest totaling 7,004 shares, a drop of 58.7% from the August 31st total of 16,956 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 35,559 shares, the days-to-cover ratio is currently 0.2 days.

Simplify US Equity PLUS Upside Convexity ETF Trading Down 0.1%

SPUC stock traded down $0.03 during mid-day trading on Tuesday, reaching $48.66. 19,196 shares of the stock traded hands, compared to its average volume of 39,200. Simplify US Equity PLUS Upside Convexity ETF has a 52-week low of $42.89 and a 52-week high of $52.08. The company has a market cap of $240.87 million, a P/E ratio of 21.23 and a beta of 1.24. The stock’s fifty day moving average is $49.53 and its 200-day moving average is $48.48.

Institutional Trading of Simplify US Equity PLUS Upside Convexity ETF

An institutional investor recently bought a new position in Simplify US Equity PLUS Upside Convexity ETF stock. Elevated Capital Advisors LLC purchased a new position in Simplify US Equity PLUS Upside Convexity ETF (NYSEARCA:SPUC) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,636 shares of the company’s stock, valued at approximately $514,000. Elevated Capital Advisors LLC owned approximately 0.51% of Simplify US Equity PLUS Upside Convexity ETF at the end of the most recent reporting period.

About Simplify US Equity PLUS Upside Convexity ETF

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.