Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) Short Interest Update

Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 16,286 shares, a growth of 197.2% from the November 30th total of 5,479 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average daily volume of 15,883 shares, the short-interest ratio is currently 1.0 days. Based on an average daily volume of 15,883 shares, the short-interest ratio is currently 1.0 days. Currently, 0.6% of the shares of the company are short sold.

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

Several hedge funds and other institutional investors have recently modified their holdings of SPD. Jane Street Group LLC raised its stake in 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 acquiring an additional 13,543 shares in the last quarter. Lloyd Advisory Services LLC. bought a new stake in shares of Simplify US Equity PLUS Downside Convexity ETF in the 2nd quarter worth about $1,741,000. B.O.S.S. Retirement Advisors LLC acquired a new stake in shares of Simplify US Equity PLUS Downside Convexity ETF during the 2nd quarter worth about $1,620,000. LifeWealth Investments LLC bought a new position in Simplify US Equity PLUS Downside Convexity ETF during the 2nd quarter valued at about $416,000. Finally, AE Wealth Management LLC boosted its position in Simplify US Equity PLUS Downside Convexity ETF by 6,701.7% in the second quarter. AE Wealth Management LLC now owns 185,279 shares of the company’s stock valued at $7,044,000 after buying an additional 182,555 shares in the last quarter.

Simplify US Equity PLUS Downside Convexity ETF Trading Down 0.4%

SPD opened at $39.88 on Friday. The business has a 50 day moving average of $39.58 and a 200-day moving average of $38.73. Simplify US Equity PLUS Downside Convexity ETF has a 1-year low of $29.54 and a 1-year high of $41.20. The stock has a market capitalization of $106.48 million, a price-to-earnings ratio of 28.26 and a beta of 0.74.

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.