Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) Shares Shorted: Short Interest Down 91.5% in September

Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 796 shares, a decline of 91.5% from the September 15th total of 9,325 shares. Based on an average daily volume of 6,311 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Simplify U.S. Equity PLUS GBTC ETF Price Performance

NASDAQ SPBC traded up $0.36 on Friday, reaching $51.06. The company had a trading volume of 6,903 shares, compared to its average volume of 6,900. The firm has a market capitalization of $41.87 million, a PE ratio of 134.37 and a beta of 1.22. Simplify U.S. Equity PLUS GBTC ETF has a 1 year low of $40.29 and a 1 year high of $51.50. The firm has a 50-day moving average of $49.82 and a 200-day moving average of $47.59.

Simplify U.S. Equity PLUS GBTC ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Friday, September 25th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, September 25th. Simplify U.S. Equity PLUS GBTC ETF’s dividend payout ratio (DPR) is currently 105.26%.

Institutional Investors Weigh In On Simplify U.S. Equity PLUS GBTC ETF

A number of institutional investors have recently modified their holdings of SPBC. Worth Asset Management LLC boosted its holdings in shares of Simplify U.S. Equity PLUS GBTC ETF by 68.6% during the third quarter. Worth Asset Management LLC now owns 14,158 shares of the company’s stock valued at $709,000 after acquiring an additional 5,761 shares during the period. Professional Financial Advisors LLC boosted its stake in Simplify U.S. Equity PLUS GBTC ETF by 2.9% during the second quarter. Professional Financial Advisors LLC now owns 130,926 shares of the company’s stock valued at $6,179,000 after buying an additional 3,742 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Simplify U.S. Equity PLUS GBTC ETF by 14.5% during the 1st quarter. NewEdge Advisors LLC now owns 14,259 shares of the company’s stock valued at $593,000 after purchasing an additional 1,811 shares in the last quarter. Finally, Private Advisor Group LLC grew its position in Simplify U.S. Equity PLUS GBTC ETF by 0.9% in the first quarter. Private Advisor Group LLC now owns 57,214 shares of the company’s stock worth $2,379,000 after buying an additional 498 shares during the last quarter. Institutional investors own 31.71% of the company’s stock.

About Simplify U.S. Equity PLUS GBTC ETF

SP Bancorp, Inc is a non-diversified savings and loan holding company for SharePlus Federal Bank (the Bank). The Bank is a federally chartered savings bank. The Bank provides financial services to individuals, families and businesses through its six banking offices. The Bank’s business consists primarily of taking deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in mortgage loans secured by residential real estate, home equity loans and lines of credit, commercial real estate loans, consumer loans (consisting primarily of automobile loans) and commercial business loans.