Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) Sees Large Decline in Short Interest

Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 289 shares, a decline of 66.7% from the June 30th total of 869 shares. Based on an average trading volume of 9,815 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Simplify US Equity PLUS Downside Convexity ETF Price Performance

NYSEARCA:SPD opened at $40.85 on Friday. The firm has a market capitalization of $104.17 million, a price-to-earnings ratio of 28.26 and a beta of 0.75. Simplify US Equity PLUS Downside Convexity ETF has a one year low of $35.72 and a one year high of $42.29. The business has a fifty day moving average price of $41.36 and a 200-day moving average price of $39.69.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. CWM LLC lifted its stake in shares of Simplify US Equity PLUS Downside Convexity ETF by 43.0% in the 4th quarter. CWM LLC now owns 43,586 shares of the company’s stock valued at $1,711,000 after purchasing an additional 13,103 shares during the period. Evolution Wealth Management Inc. boosted its holdings in Simplify US Equity PLUS Downside Convexity ETF by 14.7% during the fourth quarter. Evolution Wealth Management Inc. now owns 114,806 shares of the company’s stock worth $4,507,000 after buying an additional 14,749 shares in the last quarter. Lloyd Advisory Services LLC. grew its position in Simplify US Equity PLUS Downside Convexity ETF by 6.6% during the fourth quarter. Lloyd Advisory Services LLC. now owns 47,645 shares of the company’s stock valued at $1,871,000 after buying an additional 2,953 shares during the period. Kingdom Financial Group LLC. acquired a new stake in Simplify US Equity PLUS Downside Convexity ETF during the fourth quarter valued at $83,000. Finally, Susquehanna International Group LLP purchased a new position in Simplify US Equity PLUS Downside Convexity ETF in the third quarter valued at $456,000.

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.