Short Interest in Simplify Hedged Equity ETF (NYSEARCA:HEQT) Declines By 95.7%

Simplify Hedged Equity ETF (NYSEARCA:HEQT) saw a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 649 shares, a decrease of 95.7% from the April 15th total of 15,150 shares. Based on an average daily volume of 52,301 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Simplify Hedged Equity ETF Stock Up 0.0%

HEQT stock traded up $0.01 during trading on Tuesday, hitting $33.19. The company had a trading volume of 11,498 shares, compared to its average volume of 87,462. The firm has a market capitalization of $323.60 million, a P/E ratio of 25.09 and a beta of 0.48. Simplify Hedged Equity ETF has a 52-week low of $28.95 and a 52-week high of $33.46. The company has a 50 day simple moving average of $32.12 and a 200-day simple moving average of $32.08.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Private Advisor Group LLC increased its position in Simplify Hedged Equity ETF by 466.8% during the 4th quarter. Private Advisor Group LLC now owns 1,120,557 shares of the company’s stock valued at $35,914,000 after purchasing an additional 922,843 shares during the period. CWM LLC grew its holdings in Simplify Hedged Equity ETF by 3.3% in the fourth quarter. CWM LLC now owns 605,285 shares of the company’s stock worth $19,399,000 after purchasing an additional 19,064 shares during the last quarter. Keudell Morrison Wealth Management acquired a new stake in shares of Simplify Hedged Equity ETF in the 4th quarter worth $16,574,000. LPL Financial LLC raised its stake in Simplify Hedged Equity ETF by 13.2% in the fourth quarter. LPL Financial LLC now owns 459,311 shares of the company’s stock valued at $14,721,000 after buying an additional 53,482 shares during the last quarter. Finally, MML Investors Services LLC boosted its holdings in Simplify Hedged Equity ETF by 39.1% in the second quarter. MML Investors Services LLC now owns 333,975 shares of the company’s stock worth $10,036,000 after acquiring an additional 93,959 shares in the last quarter.

Simplify Hedged Equity ETF Company Profile

The Simplify Hedged Equity ETF (HEQT) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks capital appreciation by investing in ETFs that track the S&P 500 Index, while employing an options collar strategy. Each collar consists of an approximately 5% to 20% out-of-the-money put-spread. HEQT was launched on Nov 1, 2021 and is managed by Simplify.