Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) Short Interest Update

Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 684 shares, a decrease of 80.9% from the June 15th total of 3,590 shares. Based on an average daily volume of 7,974 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Trading of Simplify U.S. Equity PLUS GBTC ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Worth Asset Management LLC purchased a new stake in shares of Simplify U.S. Equity PLUS GBTC ETF during the second quarter valued at $396,000. NewEdge Advisors LLC increased its stake in Simplify U.S. Equity PLUS GBTC ETF by 14.5% in the 1st quarter. NewEdge Advisors LLC now owns 14,259 shares of the company’s stock worth $593,000 after buying an additional 1,811 shares during the period. Private Advisor Group LLC lifted its holdings in Simplify U.S. Equity PLUS GBTC ETF by 0.9% during the 1st quarter. Private Advisor Group LLC now owns 57,214 shares of the company’s stock valued at $2,379,000 after buying an additional 498 shares in the last quarter. ARQ Wealth Advisors LLC lifted its holdings in Simplify U.S. Equity PLUS GBTC ETF by 12.4% during the 4th quarter. ARQ Wealth Advisors LLC now owns 7,263 shares of the company’s stock valued at $325,000 after buying an additional 803 shares in the last quarter. Finally, Susquehanna International Group LLP purchased a new stake in Simplify U.S. Equity PLUS GBTC ETF in the 3rd quarter valued at about $1,044,000. 31.71% of the stock is currently owned by institutional investors.

Simplify U.S. Equity PLUS GBTC ETF Trading Up 0.6%

Shares of NASDAQ SPBC traded up $0.30 during midday trading on Friday, hitting $48.08. The company’s stock had a trading volume of 21,640 shares, compared to its average volume of 6,991. The business’s 50 day moving average is $47.58 and its two-hundred day moving average is $45.38. Simplify U.S. Equity PLUS GBTC ETF has a 12-month low of $40.29 and a 12-month high of $48.72. The firm has a market cap of $44.72 million, a P/E ratio of 126.54 and a beta of 1.22.

Simplify U.S. Equity PLUS GBTC ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, June 25th. Simplify U.S. Equity PLUS GBTC ETF’s dividend payout ratio is 105.26%.

About Simplify U.S. Equity PLUS GBTC ETF

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.