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

Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) saw a significant drop in short interest in March. As of March 13th, there was short interest totaling 9,403 shares, a drop of 22.1% from the February 26th total of 12,063 shares. Based on an average daily trading volume, of 5,831 shares, the short-interest ratio is presently 1.6 days. Currently, 0.4% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Aptus Capital Advisors LLC grew its stake in shares of Simplify US Equity PLUS Convexity ETF by 52.0% during the fourth quarter. Aptus Capital Advisors LLC now owns 2,553 shares of the company’s stock worth $109,000 after buying an additional 873 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of Simplify US Equity PLUS Convexity ETF by 29.3% during the fourth quarter. Integrated Wealth Concepts LLC now owns 323,898 shares of the company’s stock worth $13,845,000 after purchasing an additional 73,490 shares during the last quarter. Howard Bailey Securities LLC grew its holdings in shares of Simplify US Equity PLUS Convexity ETF by 13.4% during the fourth quarter. Howard Bailey Securities LLC now owns 11,046 shares of the company’s stock worth $472,000 after purchasing an additional 1,309 shares during the last quarter. Evolution Wealth Management Inc. increased its stake in shares of Simplify US Equity PLUS Convexity ETF by 7.2% in the fourth quarter. Evolution Wealth Management Inc. now owns 74,961 shares of the company’s stock valued at $3,204,000 after buying an additional 5,020 shares during the period. Finally, Lloyd Advisory Services LLC. increased its stake in shares of Simplify US Equity PLUS Convexity ETF by 6.5% in the fourth quarter. Lloyd Advisory Services LLC. now owns 40,423 shares of the company’s stock valued at $1,728,000 after buying an additional 2,460 shares during the period.

Simplify US Equity PLUS Convexity ETF Stock Performance

SPYC opened at $38.74 on Friday. The firm has a market cap of $88.33 million, a P/E ratio of 26.87 and a beta of 0.98. The business has a 50 day moving average price of $41.79 and a 200 day moving average price of $42.57. Simplify US Equity PLUS Convexity ETF has a twelve month low of $30.67 and a twelve month high of $45.21.

Simplify US Equity PLUS Convexity ETF Company Profile

The Simplify US Equity PLUS Convexity ETF (SPYC) 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 the S&P 500 with a systematic options overlay strategy. The overlay strategy seeks to enhance upside potential and hedge downside risk. SPYC was launched on Sep 3, 2020 and is managed by Simplify.