Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) Sees Significant Drop in Short Interest

Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 796 shares, a drop of 91.5% from the September 15th total of 9,325 shares. Based on an average daily trading volume, of 6,311 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On Simplify U.S. Equity PLUS GBTC ETF

Several large investors have recently added to or reduced their stakes in SPBC. Worth Asset Management LLC bought a new stake in shares of Simplify U.S. Equity PLUS GBTC ETF in the 2nd quarter valued at approximately $396,000. NewEdge Advisors LLC raised its holdings in Simplify U.S. Equity PLUS GBTC ETF by 14.5% during the 1st 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 during the period. Private Advisor Group LLC raised 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 during the period. Finally, Professional Financial Advisors LLC raised its holdings in Simplify U.S. Equity PLUS GBTC ETF by 2.9% during the 2nd quarter. Professional Financial Advisors LLC now owns 130,926 shares of the company’s stock valued at $6,179,000 after buying an additional 3,742 shares during the period. 31.71% of the stock is owned by institutional investors.

Simplify U.S. Equity PLUS GBTC ETF Price Performance

Shares of NASDAQ SPBC traded up $0.36 during mid-day trading on Friday, hitting $51.06. 6,903 shares of the company’s stock traded hands, compared to its average volume of 6,900. The company’s 50-day moving average is $49.89 and its two-hundred day moving average is $47.65. The company has a market capitalization of $41.87 million, a P/E ratio of 134.37 and a beta of 1.22. Simplify U.S. Equity PLUS GBTC ETF has a 1 year low of $40.29 and a 1 year high of $51.50.

Simplify U.S. Equity PLUS GBTC ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Friday, September 25th were given a $0.10 dividend. The ex-dividend date was Friday, September 25th. This represents a $0.40 annualized dividend and a yield of 0.8%. Simplify U.S. Equity PLUS GBTC ETF’s dividend payout ratio (DPR) is currently 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.