Simplify US Equity PLUS Upside Convexity ETF (NYSEARCA:SPUC) Short Interest Down 75.0% in May

Simplify US Equity PLUS Upside Convexity ETF (NYSEARCA:SPUC) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 168 shares, a decline of 75.0% from the April 30th total of 673 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 44,541 shares, the days-to-cover ratio is currently 0.0 days.

Simplify US Equity PLUS Upside Convexity ETF Trading Up 0.3%

NYSEARCA SPUC traded up $0.13 on Friday, reaching $49.89. The company’s stock had a trading volume of 2,314 shares, compared to its average volume of 9,132. The firm has a market cap of $116.24 million, a PE ratio of 21.23 and a beta of 1.25. The business has a 50-day moving average price of $47.20 and a 200 day moving average price of $47.62. Simplify US Equity PLUS Upside Convexity ETF has a 52 week low of $40.12 and a 52 week high of $52.08.

Institutional Trading of Simplify US Equity PLUS Upside Convexity ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPUC. Kingdom Financial Group LLC. bought a new stake in Simplify US Equity PLUS Upside Convexity ETF in the fourth quarter valued at about $85,000. Kestra Advisory Services LLC bought a new stake in Simplify US Equity PLUS Upside Convexity ETF in the fourth quarter valued at about $86,000. Bank of America Corp DE bought a new stake in Simplify US Equity PLUS Upside Convexity ETF in the third quarter valued at about $162,000. LifeWealth Investments LLC bought a new stake in Simplify US Equity PLUS Upside Convexity ETF in the fourth quarter valued at about $219,000. Finally, Great Lakes Retirement Inc. bought a new stake in Simplify US Equity PLUS Upside Convexity ETF in the fourth quarter valued at about $251,000.

Simplify US Equity PLUS Upside Convexity ETF Company Profile

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.