Simplify Piper Sandler US Small-Cap PLUS Income ETF (NYSEARCA:LITL) Sees Large Drop in Short Interest

Simplify Piper Sandler US Small-Cap PLUS Income ETF (NYSEARCA:LITL) was the target of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 6 shares, a decline of 92.6% from the May 14th total of 81 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 298 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On Simplify Piper Sandler US Small-Cap PLUS Income ETF

A hedge fund recently bought a new stake in Simplify Piper Sandler US Small-Cap PLUS Income ETF stock. Envestnet Asset Management Inc. bought a new position in Simplify Piper Sandler US Small-Cap PLUS Income ETF (NYSEARCA:LITL) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 52,403 shares of the company’s stock, valued at approximately $1,494,000. Envestnet Asset Management Inc. owned 26.20% of Simplify Piper Sandler US Small-Cap PLUS Income ETF at the end of the most recent reporting period. 0.13% of the stock is owned by hedge funds and other institutional investors.

Simplify Piper Sandler US Small-Cap PLUS Income ETF Price Performance

Shares of NYSEARCA LITL traded up $0.33 during midday trading on Wednesday, hitting $32.00. 8,345 shares of the company’s stock were exchanged, compared to its average volume of 946. The stock’s 50 day moving average price is $30.80 and its 200-day moving average price is $30.18. The firm has a market cap of $5.44 million, a P/E ratio of 15.85 and a beta of 0.79. Simplify Piper Sandler US Small-Cap PLUS Income ETF has a twelve month low of $26.01 and a twelve month high of $32.03.

About Simplify Piper Sandler US Small-Cap PLUS Income ETF

The Simplify Piper Sandler US Small-Cap PLUS Income ETF (LITL) is an actively managed exchange-traded fund that seeks to provide capital appreciation and income. The fund invests in U.S. small-cap equities that are well-positioned in the current business cycle and employs an options overlay strategy to enhance income.