Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) Shares Shorted: Short Interest Down 46.0% in September

Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 6,757 shares, a decrease of 46.0% from the August 31st total of 12,503 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 77,057 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Simplify US Equity PLUS Convexity ETF

Hedge funds have recently modified their holdings of the stock. Montgomery Financial Services LLC acquired a new position in Simplify US Equity PLUS Convexity ETF during the second quarter worth approximately $60,000. Envestnet Asset Management Inc. acquired a new position in shares of Simplify US Equity PLUS Convexity ETF in the 2nd quarter valued at about $347,000. Howard Bailey Securities LLC grew its holdings in shares of Simplify US Equity PLUS Convexity ETF by 13.4% during the 4th quarter. Howard Bailey Securities LLC now owns 11,046 shares of the company’s stock worth $472,000 after purchasing an additional 1,309 shares during the period. Elevated Capital Advisors LLC purchased a new stake in shares of Simplify US Equity PLUS Convexity ETF during the 1st quarter worth about $509,000. Finally, Evolution Wealth Management Inc. increased its position in Simplify US Equity PLUS Convexity ETF by 7.2% during the 4th quarter. Evolution Wealth Management Inc. now owns 74,961 shares of the company’s stock worth $3,204,000 after purchasing an additional 5,020 shares in the last quarter.

Simplify US Equity PLUS Convexity ETF Price Performance

NYSEARCA:SPYC traded down $0.06 during mid-day trading on Wednesday, reaching $45.54. The company’s stock had a trading volume of 4,476 shares, compared to its average volume of 12,997. The company’s fifty day simple moving average is $46.33 and its two-hundred day simple moving average is $44.62. Simplify US Equity PLUS Convexity ETF has a twelve month low of $38.50 and a twelve month high of $48.96. The stock has a market cap of $81.97 million, a P/E ratio of 26.87 and a beta of 0.99.

About Simplify US Equity PLUS Convexity ETF

The Simplify US Equity PLUS Convexity ETF (SPYC) 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 the S&P 500 with a systematic options overlay strategy. The overlay strategy seeks to enhance upside potential and hedge downside risk. SPYC was launched on Sep 3, 2020 and is managed by Simplify.