Simplify Hedged Equity ETF (NYSEARCA:HEQT) Short Interest Update

Simplify Hedged Equity ETF (NYSEARCA:HEQT) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 21,138 shares, an increase of 3,157.0% from the April 30th total of 649 shares. Based on an average daily volume of 27,708 shares, the short-interest ratio is currently 0.8 days. Approximately 0.2% of the shares of the company are short sold.

Simplify Hedged Equity ETF Stock Up 0.1%

Simplify Hedged Equity ETF stock traded up $0.04 during trading on Friday, hitting $33.51. The stock had a trading volume of 16,111 shares, compared to its average volume of 80,912. Simplify Hedged Equity ETF has a 1 year low of $29.30 and a 1 year high of $33.54. The stock’s 50 day moving average is $32.42 and its two-hundred day moving average is $32.23. The stock has a market cap of $326.72 million, a price-to-earnings ratio of 25.09 and a beta of 0.48.

Institutional Investors Weigh In On Simplify Hedged Equity ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Independent Wealth Advisors LLC raised its holdings in Simplify Hedged Equity ETF by 5.7% during the 1st quarter. Independent Wealth Advisors LLC now owns 185,810 shares of the company’s stock valued at $5,853,000 after acquiring an additional 10,054 shares during the period. Royal Bank of Canada raised its holdings in Simplify Hedged Equity ETF by 33.5% during the 1st quarter. Royal Bank of Canada now owns 10,850 shares of the company’s stock valued at $342,000 after acquiring an additional 2,725 shares during the period. Harmony Asset Management LLC raised its holdings in Simplify Hedged Equity ETF by 2.2% during the 1st quarter. Harmony Asset Management LLC now owns 108,920 shares of the company’s stock valued at $3,431,000 after acquiring an additional 2,375 shares during the period. ARQ Wealth Advisors LLC raised its holdings in Simplify Hedged Equity ETF by 10.8% during the 1st quarter. ARQ Wealth Advisors LLC now owns 302,463 shares of the company’s stock valued at $9,528,000 after acquiring an additional 29,412 shares during the period. Finally, Diversify Wealth Management LLC bought a new stake in Simplify Hedged Equity ETF during the 1st quarter valued at $371,000.

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.