Short Interest in Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) Declines By 61.5%

Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 869 shares, a decrease of 61.5% from the June 15th total of 2,255 shares. Based on an average daily volume of 8,072 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Hedge Funds Weigh In On Simplify US Equity PLUS Downside Convexity ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. LPL Financial LLC grew its stake in Simplify US Equity PLUS Downside Convexity ETF by 856.0% during the 4th quarter. LPL Financial LLC now owns 384,800 shares of the company’s stock valued at $15,107,000 after purchasing an additional 344,548 shares during the last quarter. Ironsides Asset Advisors LLC increased its holdings in shares of Simplify US Equity PLUS Downside Convexity ETF by 21.9% in the fourth quarter. Ironsides Asset Advisors LLC now owns 104,611 shares of the company’s stock valued at $4,107,000 after purchasing an additional 18,772 shares during the period. Evolution Wealth Management Inc. increased its stake in shares of Simplify US Equity PLUS Downside Convexity ETF by 13.9% in the first quarter. Evolution Wealth Management Inc. now owns 130,790 shares of the company’s stock worth $4,757,000 after acquiring an additional 15,984 shares during the period. Jane Street Group LLC raised its holdings in shares of Simplify US Equity PLUS Downside Convexity ETF by 182.4% during the first quarter. Jane Street Group LLC now owns 20,967 shares of the company’s stock worth $649,000 after purchasing an additional 13,543 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of Simplify US Equity PLUS Downside Convexity ETF by 43.0% during the fourth quarter. CWM LLC now owns 43,586 shares of the company’s stock worth $1,711,000 after purchasing an additional 13,103 shares during the last quarter.

Simplify US Equity PLUS Downside Convexity ETF Trading Up 0.5%

Shares of NYSEARCA:SPD traded up $0.19 on Tuesday, hitting $41.74. 3,972 shares of the company were exchanged, compared to its average volume of 13,246. Simplify US Equity PLUS Downside Convexity ETF has a 1-year low of $35.72 and a 1-year high of $42.29. The stock’s 50 day moving average price is $41.29 and its 200 day moving average price is $39.59. The firm has a market capitalization of $106.44 million, a P/E ratio of 28.26 and a beta of 0.75.

About Simplify US Equity PLUS Downside Convexity ETF

The Simplify US Equity PLUS Downside Convexity ETF (SPD) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively managed fund-of-funds that provides exposure to US large-cap stocks while applying a downside options overlay strategy. SPD was launched on Sep 3, 2020 and is managed by Simplify.