Simplify Hedged Equity ETF (NYSEARCA:HEQT – Get Free Report) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 46,383 shares, a decline of 64.8% from the September 30th total of 131,815 shares. Based on an average daily volume of 63,677 shares, the short-interest ratio is presently 0.7 days. Approximately 0.5% of the shares of the company are sold short.
Institutional Investors Weigh In On Simplify Hedged Equity ETF
Several large investors have recently modified their holdings of HEQT. Vise Technologies Inc. purchased a new stake in Simplify Hedged Equity ETF during the 3rd quarter valued at approximately $210,000. Partners Wealth Management LLC acquired a new stake in Simplify Hedged Equity ETF during the 3rd quarter worth approximately $561,000. Ballast Rock Private Wealth LLC purchased a new position in shares of Simplify Hedged Equity ETF in the 3rd quarter valued at approximately $500,000. Middleton & Co. Inc. MA purchased a new position in shares of Simplify Hedged Equity ETF in the 3rd quarter valued at approximately $367,000. Finally, Sowell Financial Services LLC purchased a new position in shares of Simplify Hedged Equity ETF in the 3rd quarter valued at approximately $3,253,000.
Simplify Hedged Equity ETF Trading Down 0.0%
Shares of Simplify Hedged Equity ETF stock traded down $0.01 on Thursday, hitting $34.65. The stock had a trading volume of 57,092 shares, compared to its average volume of 72,694. Simplify Hedged Equity ETF has a 52-week low of $30.72 and a 52-week high of $34.98. The stock has a market cap of $317.05 million, a price-to-earnings ratio of 25.09 and a beta of 0.47. The company’s 50 day moving average price is $34.46 and its 200 day moving average price is $33.27.
About Simplify Hedged Equity ETF
The Simplify Hedged Equity ETF (HEQT) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks capital appreciation by investing in ETFs that track the S&P 500 Index, while employing an options collar strategy. Each collar consists of an approximately 5% to 20% out-of-the-money put-spread. HEQT was launched on Nov 1, 2021 and is managed by Simplify.
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