Simplify Hedged Equity ETF (NYSEARCA:HEQT) Short Interest Down 71.0% in June

Simplify Hedged Equity ETF (NYSEARCA:HEQT) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 4,924 shares, a drop of 71.0% from the May 31st total of 17,002 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 67,769 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Simplify Hedged Equity ETF

Several institutional investors have recently made changes to their positions in the company. US Bancorp DE bought a new position in Simplify Hedged Equity ETF in the 3rd quarter worth about $42,000. Kestra Advisory Services LLC purchased a new stake in shares of Simplify Hedged Equity ETF during the 4th quarter worth $50,000. Advisors Preferred LLC bought a new stake in shares of Simplify Hedged Equity ETF in the 4th quarter valued at about $112,000. JPMorgan Chase & Co. boosted its stake in Simplify Hedged Equity ETF by 26.9% in the third quarter. JPMorgan Chase & Co. now owns 4,339 shares of the company’s stock valued at $136,000 after acquiring an additional 921 shares in the last quarter. Finally, Chatterton & Associates Inc. purchased a new position in Simplify Hedged Equity ETF during the 4th quarter worth $222,000.

Simplify Hedged Equity ETF Stock Up 0.1%

HEQT stock traded up $0.04 during trading on Monday, reaching $33.37. The company’s stock had a trading volume of 53,949 shares, compared to its average volume of 79,034. Simplify Hedged Equity ETF has a 1 year low of $29.84 and a 1 year high of $33.64. The company has a market capitalization of $325.36 million, a P/E ratio of 25.09 and a beta of 0.47. The company’s fifty day moving average is $33.18 and its 200-day moving average is $32.48.

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.