Short Interest in Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) Decreases By 57.5%

Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 291 shares, a decline of 57.5% from the June 30th total of 684 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 5,708 shares, the days-to-cover ratio is presently 0.1 days.

Simplify U.S. Equity PLUS GBTC ETF Stock Performance

Shares of Simplify U.S. Equity PLUS GBTC ETF stock traded up $0.10 on Tuesday, reaching $47.21. The company had a trading volume of 8,317 shares, compared to its average volume of 6,775. The firm has a market cap of $43.91 million, a PE ratio of 124.23 and a beta of 1.22. Simplify U.S. Equity PLUS GBTC ETF has a 52-week low of $40.29 and a 52-week high of $48.72. The firm’s 50 day moving average price is $47.54 and its two-hundred day moving average price is $45.56.

Simplify U.S. Equity PLUS GBTC ETF Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Professional Financial Advisors LLC lifted its position in Simplify U.S. Equity PLUS GBTC ETF by 2.9% in the second quarter. Professional Financial Advisors LLC now owns 130,926 shares of the company’s stock valued at $6,179,000 after purchasing an additional 3,742 shares during the period. Worth Asset Management LLC purchased a new stake in shares of Simplify U.S. Equity PLUS GBTC ETF in the second quarter valued at approximately $396,000. NewEdge Advisors LLC boosted its stake in shares of Simplify U.S. Equity PLUS GBTC ETF by 14.5% in the first quarter. NewEdge Advisors LLC now owns 14,259 shares of the company’s stock valued at $593,000 after buying an additional 1,811 shares in the last quarter. Private Advisor Group LLC grew 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 acquiring an additional 498 shares during the period. Finally, ARQ Wealth Advisors LLC grew its holdings in Simplify U.S. Equity PLUS GBTC ETF by 12.4% during the fourth quarter. ARQ Wealth Advisors LLC now owns 7,263 shares of the company’s stock worth $325,000 after acquiring an additional 803 shares during the period. 31.71% of the stock is currently owned by hedge funds and other institutional investors.

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.