Short Interest in Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) Drops By 22.3%

Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) saw a significant drop in short interest in December. As of December 31st, there was short interest totaling 12,656 shares, a drop of 22.3% from the December 15th total of 16,286 shares. Based on an average daily trading volume, of 22,031 shares, the short-interest ratio is presently 0.6 days. Approximately 0.4% of the shares of the stock are short sold. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 22,031 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On Simplify US Equity PLUS Downside Convexity ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. AE Wealth Management LLC lifted its position in Simplify US Equity PLUS Downside Convexity ETF by 6,701.7% during the second quarter. AE Wealth Management LLC now owns 185,279 shares of the company’s stock valued at $7,044,000 after purchasing an additional 182,555 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of Simplify US Equity PLUS Downside Convexity ETF by 70.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 245,555 shares of the company’s stock valued at $9,702,000 after buying an additional 101,573 shares in the last quarter. Evolution Wealth Management Inc. bought a new stake in shares of Simplify US Equity PLUS Downside Convexity ETF during the 2nd quarter worth $3,602,000. Lloyd Advisory Services LLC. purchased a new position in Simplify US Equity PLUS Downside Convexity ETF in the second quarter worth $1,741,000. Finally, B.O.S.S. Retirement Advisors LLC purchased a new position in Simplify US Equity PLUS Downside Convexity ETF in the second quarter worth $1,620,000.

Simplify US Equity PLUS Downside Convexity ETF Stock Up 0.1%

Simplify US Equity PLUS Downside Convexity ETF stock opened at $39.68 on Tuesday. The stock has a market cap of $117.85 million, a price-to-earnings ratio of 28.26 and a beta of 0.74. The business has a 50-day simple moving average of $39.48 and a 200 day simple moving average of $39.03. Simplify US Equity PLUS Downside Convexity ETF has a 52 week low of $29.54 and a 52 week high of $41.20.

Simplify US Equity PLUS Downside Convexity ETF Company Profile

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.