Short Interest in Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) Grows By 166.5%

Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 1,644 shares, a growth of 166.5% from the April 30th total of 617 shares. Based on an average daily volume of 2,044 shares, the short-interest ratio is presently 0.8 days. Currently, 0.2% of the company’s stock are short sold.

Hedge Funds Weigh In On Simplify U.S. Equity PLUS GBTC ETF

A number of institutional investors have recently added to or reduced their stakes in the company. CWM LLC increased its holdings in Simplify U.S. Equity PLUS GBTC ETF by 2.0% during the fourth quarter. CWM LLC now owns 279,525 shares of the company’s stock worth $12,500,000 after buying an additional 5,362 shares during the last quarter. SFG Wealth Management LLC. increased its holdings in Simplify U.S. Equity PLUS GBTC ETF by 1.1% during the fourth quarter. SFG Wealth Management LLC. now owns 100,401 shares of the company’s stock worth $4,490,000 after buying an additional 1,132 shares during the last quarter. WJ Wealth Management LLC acquired a new position in Simplify U.S. Equity PLUS GBTC ETF during the third quarter worth $2,760,000. Private Advisor Group LLC increased its holdings in Simplify U.S. Equity PLUS GBTC ETF by 0.9% during the first quarter. Private Advisor Group LLC now owns 57,214 shares of the company’s stock worth $2,379,000 after buying an additional 498 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. increased its holdings in Simplify U.S. Equity PLUS GBTC ETF by 19.7% during the fourth quarter. Total Clarity Wealth Management Inc. now owns 48,480 shares of the company’s stock worth $2,168,000 after buying an additional 7,962 shares during the last quarter. 31.71% of the stock is currently owned by institutional investors and hedge funds.

Simplify U.S. Equity PLUS GBTC ETF Stock Performance

SPBC traded up $0.20 during trading on Friday, reaching $48.76. 1,270 shares of the stock were exchanged, compared to its average volume of 7,154. The stock has a market cap of $45.10 million, a P/E ratio of 128.32 and a beta of 1.22. Simplify U.S. Equity PLUS GBTC ETF has a twelve month low of $39.20 and a twelve month high of $48.72. The stock’s 50 day moving average price is $45.33 and its two-hundred day moving average price is $44.79.

Simplify U.S. Equity PLUS GBTC ETF Announces Dividend

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

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.