Simplify Hedged Equity ETF (NYSEARCA:HEQT) Short Interest Down 95.7% in April
by Renee Jackson · The Cerbat GemSimplify Hedged Equity ETF (NYSEARCA:HEQT – Get Free Report) was the target of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 649 shares, a decrease of 95.7% from the April 15th total of 15,150 shares. Based on an average daily volume of 52,301 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.
Hedge Funds Weigh In On Simplify Hedged Equity ETF
Institutional investors and hedge funds have recently made changes to their positions in the stock. US Bancorp DE acquired a new stake in Simplify Hedged Equity ETF in the 3rd quarter valued at about $42,000. Kestra Advisory Services LLC acquired a new stake in Simplify Hedged Equity ETF in the 4th quarter valued at about $50,000. CGC Financial Services LLC acquired a new stake in Simplify Hedged Equity ETF in the 3rd quarter valued at about $97,000. Advisors Preferred LLC acquired a new stake in Simplify Hedged Equity ETF in the 4th quarter valued at about $112,000. Finally, JPMorgan Chase & Co. grew its stake in Simplify Hedged Equity ETF by 26.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,339 shares of the company’s stock valued at $136,000 after acquiring an additional 921 shares during the last quarter.
Simplify Hedged Equity ETF Trading Up 0.0%
Shares of NYSEARCA:HEQT traded up $0.01 on Monday, reaching $33.18. 25,587 shares of the company were exchanged, compared to its average volume of 88,317. Simplify Hedged Equity ETF has a 1-year low of $28.95 and a 1-year high of $33.46. The firm has a market cap of $323.51 million, a price-to-earnings ratio of 25.09 and a beta of 0.48. The company has a 50-day moving average of $32.12 and a 200-day moving average of $32.08.
Simplify Hedged Equity ETF Company Profile
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.