Simplify US Equity PLUS Upside Convexity ETF (NYSEARCA:SPUC) Shares Shorted: Short Interest Up 226.5% in September

Simplify US Equity PLUS Upside Convexity ETF (NYSEARCA:SPUC – Get Free Report) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 22,868 shares, a growth of 226.5% from the September 15th total of 7,004 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 47,392 shares, the days-to-cover ratio is currently 0.5 days.

Simplify US Equity PLUS Upside Convexity ETF Trading Down 0.2%

Shares of NYSEARCA SPUC traded down $0.09 on Monday, reaching $49.54. 23,560 shares of the company traded hands, compared to its average volume of 38,624. Simplify US Equity PLUS Upside Convexity ETF has a fifty-two week low of $42.89 and a fifty-two week high of $52.08. The company has a 50 day moving average of $49.61 and a 200 day moving average of $48.73. The stock has a market capitalization of $258.60 million, a PE ratio of 21.23 and a beta of 1.23.

Institutional Investors Weigh In On Simplify US Equity PLUS Upside Convexity ETF

An institutional investor recently bought a new stake in Simplify US Equity PLUS Upside Convexity ETF stock. Elevated Capital Advisors LLC purchased a new position in shares of Simplify US Equity PLUS Upside Convexity ETF (NYSEARCA:SPUC – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,636 shares of the company’s stock, valued at approximately $514,000. Elevated Capital Advisors LLC owned about 0.51% of Simplify US Equity PLUS Upside Convexity ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

About Simplify US Equity PLUS Upside Convexity ETF

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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.

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