Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) Short Interest Update

Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) was the recipient of a significant decline in short interest in April. As of April 30th, there was short interest totaling 617 shares, a decline of 69.6% from the April 15th total of 2,027 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 7,793 shares, the short-interest ratio is presently 0.1 days.

Simplify U.S. Equity PLUS GBTC ETF Stock Performance

Shares of SPBC stock opened at $47.99 on Wednesday. The stock has a market capitalization of $44.63 million, a P/E ratio of 126.30 and a beta of 1.22. The company has a 50 day moving average price of $44.05 and a 200 day moving average price of $44.53. Simplify U.S. Equity PLUS GBTC ETF has a fifty-two week low of $38.81 and a fifty-two week high of $48.19.

Simplify U.S. Equity PLUS GBTC ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.10 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.8%. Simplify U.S. Equity PLUS GBTC ETF’s payout ratio is 105.26%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SPBC. Chicago Partners Investment Group LLC grew its holdings in Simplify U.S. Equity PLUS GBTC ETF by 53.7% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 28,910 shares of the company’s stock worth $1,335,000 after acquiring an additional 10,096 shares in the last quarter. SFG Wealth Management LLC. acquired a new position in Simplify U.S. Equity PLUS GBTC ETF during the 3rd quarter worth approximately $4,452,000. Susquehanna International Group LLP acquired a new position in Simplify U.S. Equity PLUS GBTC ETF during the 3rd quarter worth approximately $1,044,000. WJ Wealth Management LLC acquired a new position in Simplify U.S. Equity PLUS GBTC ETF during the 3rd quarter worth approximately $2,760,000. Finally, NewEdge Advisors LLC grew its holdings in Simplify U.S. Equity PLUS GBTC ETF by 630.1% during the 3rd quarter. NewEdge Advisors LLC now owns 9,418 shares of the company’s stock worth $422,000 after acquiring an additional 8,128 shares in the last quarter. Institutional investors and hedge funds own 31.71% of the company’s stock.

Simplify U.S. Equity PLUS GBTC ETF Company Profile

SP Bancorp, Inc is a non-diversified savings and loan holding company for SharePlus Federal Bank (the Bank). The Bank is a federally chartered savings bank. The Bank provides financial services to individuals, families and businesses through its six banking offices. The Bank’s business consists primarily of taking deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in mortgage loans secured by residential real estate, home equity loans and lines of credit, commercial real estate loans, consumer loans (consisting primarily of automobile loans) and commercial business loans.