Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) Short Interest Up 425.4% in December

Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 11,764 shares, an increase of 425.4% from the December 15th total of 2,239 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 9,386 shares, the days-to-cover ratio is presently 1.3 days. Based on an average daily trading volume, of 9,386 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.5% of the company’s stock are short sold.

Simplify US Equity PLUS Convexity ETF Stock Performance

NYSEARCA:SPYC opened at $43.09 on Thursday. The company has a market capitalization of $95.66 million, a P/E ratio of 26.87 and a beta of 0.98. The stock’s 50 day moving average price is $43.00 and its 200 day moving average price is $42.37. Simplify US Equity PLUS Convexity ETF has a 52 week low of $30.67 and a 52 week high of $45.21.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SPYC. CWM LLC raised its holdings in Simplify US Equity PLUS Convexity ETF by 3.6% during the second quarter. CWM LLC now owns 7,344 shares of the company’s stock valued at $303,000 after buying an additional 254 shares in the last quarter. Austin Wealth Management LLC boosted its stake in shares of Simplify US Equity PLUS Convexity ETF by 13.1% during the 2nd quarter. Austin Wealth Management LLC now owns 824,404 shares of the company’s stock worth $33,544,000 after acquiring an additional 95,713 shares in the last quarter. Evolution Wealth Management Inc. increased its holdings in shares of Simplify US Equity PLUS Convexity ETF by 931.3% during the 3rd quarter. Evolution Wealth Management Inc. now owns 69,941 shares of the company’s stock valued at $2,997,000 after acquiring an additional 63,159 shares during the last quarter. Lloyd Advisory Services LLC. acquired a new position in shares of Simplify US Equity PLUS Convexity ETF during the 2nd quarter valued at about $1,611,000. Finally, Entrewealth LLC raised its stake in shares of Simplify US Equity PLUS Convexity ETF by 8.5% in the 2nd quarter. Entrewealth LLC now owns 198,466 shares of the company’s stock valued at $8,201,000 after acquiring an additional 15,632 shares in the last quarter.

About Simplify US Equity PLUS Convexity ETF

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.