Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) Sees Significant Decline in Short Interest
by Tristan Rich · The Markets DailySimplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD – Get Free Report) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 2,192 shares, a decline of 60.4% from the May 14th total of 5,542 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 8,780 shares, the short-interest ratio is currently 0.2 days.
Hedge Funds Weigh In On Simplify US Equity PLUS Downside Convexity ETF
Hedge funds have recently made changes to their positions in the business. Networth Advisors LLC acquired a new position in shares of Simplify US Equity PLUS Downside Convexity ETF in the 4th quarter valued at $27,000. Kingdom Financial Group LLC. acquired a new position in shares of Simplify US Equity PLUS Downside Convexity ETF in the 4th quarter valued at $83,000. Great Lakes Retirement Inc. acquired a new position in shares of Simplify US Equity PLUS Downside Convexity ETF in the 3rd quarter valued at $207,000. Osaic Holdings Inc. raised its stake in shares of Simplify US Equity PLUS Downside Convexity ETF by 21.8% in the 2nd quarter. Osaic Holdings Inc. now owns 7,218 shares of the company’s stock valued at $265,000 after buying an additional 1,291 shares in the last quarter. Finally, Centennial Advisors LLC acquired a new position in shares of Simplify US Equity PLUS Downside Convexity ETF in the 4th quarter valued at $324,000.
Simplify US Equity PLUS Downside Convexity ETF Stock Up 0.4%
NYSEARCA SPD traded up $0.17 during trading on Friday, hitting $41.28. The company’s stock had a trading volume of 996 shares, compared to its average volume of 14,035. The firm has a market cap of $112.28 million, a P/E ratio of 28.26 and a beta of 0.75. Simplify US Equity PLUS Downside Convexity ETF has a 52 week low of $35.72 and a 52 week high of $42.15. The firm has a 50 day moving average price of $40.06 and a 200 day moving average price of $39.30.
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.