Simplify US Equity PLUS Upside Convexity ETF (NYSEARCA:SPUC) Sees Large Decline in Short Interest

Simplify US Equity PLUS Upside Convexity ETF (NYSEARCA:SPUC) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totaling 127 shares, a drop of 45.0% from the May 31st total of 231 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 3,224 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Simplify US Equity PLUS Upside Convexity ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. MML Investors Services LLC increased its position in Simplify US Equity PLUS Upside Convexity ETF by 8.9% during the fourth quarter. MML Investors Services LLC now owns 5,736 shares of the company’s stock worth $267,000 after buying an additional 467 shares during the last quarter. Kingdom Financial Group LLC. acquired a new stake in shares of Simplify US Equity PLUS Upside Convexity ETF in the fourth quarter worth about $85,000. Kestra Advisory Services LLC acquired a new stake in shares of Simplify US Equity PLUS Upside Convexity ETF in the fourth quarter worth about $86,000. Bank of America Corp DE acquired a new stake in shares of Simplify US Equity PLUS Upside Convexity ETF in the third quarter worth about $162,000. Finally, LifeWealth Investments LLC bought a new stake in shares of Simplify US Equity PLUS Upside Convexity ETF during the 4th quarter worth about $219,000.

Simplify US Equity PLUS Upside Convexity ETF Trading Down 0.1%

NYSEARCA SPUC traded down $0.04 during trading on Thursday, reaching $49.07. The company’s stock had a trading volume of 188 shares, compared to its average volume of 8,298. The stock has a market capitalization of $92.25 million, a PE ratio of 21.23 and a beta of 1.24. Simplify US Equity PLUS Upside Convexity ETF has a 1-year low of $42.89 and a 1-year high of $52.08. The business has a 50-day moving average price of $48.97 and a 200-day moving average price of $47.52.

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.