Short Interest in Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) Rises By 126.3%

Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 22,561 shares, an increase of 126.3% from the April 30th total of 9,969 shares. Based on an average daily volume of 21,652 shares, the days-to-cover ratio is presently 1.0 days. Approximately 1.0% of the company’s stock are sold short.

Simplify US Equity PLUS Convexity ETF Price Performance

Shares of NYSEARCA:SPYC traded up $0.05 during trading hours on Friday, hitting $46.10. The company’s stock had a trading volume of 5,768 shares, compared to its average volume of 9,859. Simplify US Equity PLUS Convexity ETF has a 52 week low of $38.50 and a 52 week high of $46.19. The company has a market capitalization of $106.03 million, a price-to-earnings ratio of 26.87 and a beta of 0.99. The firm’s fifty day moving average price is $42.71 and its 200 day moving average price is $42.64.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Austin Wealth Management LLC raised its stake in shares of Simplify US Equity PLUS Convexity ETF by 5.9% during the 4th quarter. Austin Wealth Management LLC now owns 904,781 shares of the company’s stock worth $39,113,000 after acquiring an additional 50,063 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of Simplify US Equity PLUS Convexity ETF by 29.3% during the 4th quarter. Integrated Wealth Concepts LLC now owns 323,898 shares of the company’s stock worth $13,845,000 after acquiring an additional 73,490 shares in the last quarter. Entrewealth LLC raised its stake in shares of Simplify US Equity PLUS Convexity ETF by 10.2% during the 3rd quarter. Entrewealth LLC now owns 218,625 shares of the company’s stock worth $9,370,000 after acquiring an additional 20,159 shares in the last quarter. AE Wealth Management LLC raised its stake in shares of Simplify US Equity PLUS Convexity ETF by 11.6% during the 4th quarter. AE Wealth Management LLC now owns 129,251 shares of the company’s stock worth $5,525,000 after acquiring an additional 13,432 shares in the last quarter. Finally, Evolution Wealth Management Inc. raised its stake in shares of Simplify US Equity PLUS Convexity ETF by 37.0% during the 1st quarter. Evolution Wealth Management Inc. now owns 102,699 shares of the company’s stock worth $4,054,000 after acquiring an additional 27,738 shares in the last quarter.

Simplify US Equity PLUS Convexity ETF Company Profile

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.