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

by · The Cerbat Gem

Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD – Get Free Report) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totaling 12,656 shares, a decline of 22.3% from the December 15th total of 16,286 shares. Based on an average daily volume of 22,031 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.4% of the shares of the stock are sold short. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 22,031 shares, the days-to-cover ratio is currently 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 business. Transce3nd LLC bought a new position in shares of Simplify US Equity PLUS Downside Convexity ETF in the second quarter worth about $30,000. Great Lakes Retirement Inc. bought a new position in Simplify US Equity PLUS Downside Convexity ETF in the 3rd quarter worth approximately $207,000. Osaic Holdings Inc. boosted its stake in 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 worth $265,000 after purchasing an additional 1,291 shares during the period. LifeWealth Investments LLC purchased a new stake in Simplify US Equity PLUS Downside Convexity ETF during the 2nd quarter valued at approximately $416,000. Finally, Susquehanna International Group LLP bought a new stake in shares of Simplify US Equity PLUS Downside Convexity ETF during the third quarter valued at approximately $456,000.

Simplify US Equity PLUS Downside Convexity ETF Stock Performance

Shares of NYSEARCA SPD traded up $0.03 during midday trading on Friday, reaching $39.68. The stock had a trading volume of 22,990 shares, compared to its average volume of 20,499. The company has a market capitalization of $117.85 million, a price-to-earnings ratio of 28.26 and a beta of 0.74. Simplify US Equity PLUS Downside Convexity ETF has a 12-month low of $29.54 and a 12-month high of $41.20. The stock has a 50-day moving average of $39.49 and a 200-day moving average of $39.02.

Simplify US Equity PLUS Downside Convexity ETF Company Profile

(Get Free Report)

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.

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