Short Interest in Simplify Hedged Equity ETF (NYSEARCA:HEQT) Increases By 3,157.0%

Simplify Hedged Equity ETF (NYSEARCA:HEQT) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 21,138 shares, an increase of 3,157.0% from the April 30th total of 649 shares. Based on an average daily volume of 27,708 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On Simplify Hedged Equity ETF

Several large investors have recently added to or reduced their stakes in the company. Western Wealth Management LLC increased its holdings in Simplify Hedged Equity ETF by 5.9% in the 3rd quarter. Western Wealth Management LLC now owns 12,826 shares of the company’s stock worth $401,000 after acquiring an additional 719 shares during the last quarter. Hilltop Holdings Inc. increased its holdings in Simplify Hedged Equity ETF by 5.7% in the 3rd quarter. Hilltop Holdings Inc. now owns 15,722 shares of the company’s stock worth $491,000 after acquiring an additional 851 shares during the last quarter. JPMorgan Chase & Co. increased its holdings 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 worth $136,000 after acquiring an additional 921 shares during the last quarter. Cambridge Advisors Inc. increased its holdings in Simplify Hedged Equity ETF by 3.1% in the 4th quarter. Cambridge Advisors Inc. now owns 32,539 shares of the company’s stock worth $1,043,000 after acquiring an additional 974 shares during the last quarter. Finally, Betterment LLC increased its holdings in Simplify Hedged Equity ETF by 12.1% in the 4th quarter. Betterment LLC now owns 9,316 shares of the company’s stock worth $299,000 after acquiring an additional 1,007 shares during the last quarter.

Simplify Hedged Equity ETF Price Performance

Shares of Simplify Hedged Equity ETF stock remained flat at $33.36 during trading hours on Wednesday. The stock had a trading volume of 60,104 shares, compared to its average volume of 81,929. Simplify Hedged Equity ETF has a 1 year low of $29.30 and a 1 year high of $33.46. The stock has a market capitalization of $325.26 million, a PE ratio of 25.09 and a beta of 0.48. The stock’s 50-day moving average is $32.39 and its two-hundred day moving average is $32.21.

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.