Simplify Multi-QIS Alternative ETF $QIS Stock Position Boosted by Simplify Asset Management Inc.

Simplify Asset Management Inc. boosted its holdings in shares of Simplify Multi-QIS Alternative ETF (NYSEARCA:QIS) by 18.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,477,620 shares of the company’s stock after acquiring an additional 700,000 shares during the quarter. Simplify Multi-QIS Alternative ETF accounts for 0.8% of Simplify Asset Management Inc.’s portfolio, making the stock its 6th biggest holding. Simplify Asset Management Inc. owned about 98.41% of Simplify Multi-QIS Alternative ETF worth $48,129,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of QIS. Proficio Capital Partners LLC purchased a new stake in Simplify Multi-QIS Alternative ETF in the second quarter worth $3,393,000. Nwam LLC purchased a new stake in shares of Simplify Multi-QIS Alternative ETF during the second quarter valued at $1,169,000. Finally, Advocacy Wealth Management LLC purchased a new stake in shares of Simplify Multi-QIS Alternative ETF during the second quarter valued at $75,000.

Simplify Multi-QIS Alternative ETF Stock Performance

Shares of QIS stock opened at $11.61 on Thursday. The company’s 50-day simple moving average is $11.36 and its two-hundred day simple moving average is $12.14. Simplify Multi-QIS Alternative ETF has a one year low of $9.14 and a one year high of $19.81.

About Simplify Multi-QIS Alternative ETF

The Simplify Multi-QIS Alternative ETF (QIS) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund aims to provide positive absolute returns and income using quantitative investment strategies to invest across equities, interest rates, commodities, and currencies through total return swaps. QIS was launched on Jul 10, 2023 and is issued by Simplify.