Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) Sees Large Decline in Short Interest

Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 291 shares, a decrease of 57.5% from the June 30th total of 684 shares. Based on an average daily trading volume, of 5,708 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On Simplify U.S. Equity PLUS GBTC ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPBC. Chicago Partners Investment Group LLC raised its holdings in shares of Simplify U.S. Equity PLUS GBTC ETF by 2.6% in the 4th quarter. Chicago Partners Investment Group LLC now owns 29,657 shares of the company’s stock valued at $1,341,000 after acquiring an additional 747 shares in the last quarter. SFG Wealth Management LLC. grew its holdings in shares of Simplify U.S. Equity PLUS GBTC ETF by 1.1% during the fourth quarter. SFG Wealth Management LLC. now owns 100,401 shares of the company’s stock worth $4,490,000 after purchasing an additional 1,132 shares in the last quarter. ARQ Wealth Advisors LLC grew its holdings in shares of Simplify U.S. Equity PLUS GBTC ETF by 12.4% during the fourth quarter. ARQ Wealth Advisors LLC now owns 7,263 shares of the company’s stock worth $325,000 after purchasing an additional 803 shares in the last quarter. Worth Asset Management LLC bought a new position in shares of Simplify U.S. Equity PLUS GBTC ETF in the second quarter worth approximately $396,000. Finally, Professional Financial Advisors LLC increased its position in shares of Simplify U.S. Equity PLUS GBTC ETF by 2.9% in the second quarter. Professional Financial Advisors LLC now owns 130,926 shares of the company’s stock worth $6,179,000 after purchasing an additional 3,742 shares during the last quarter. 31.71% of the stock is currently owned by hedge funds and other institutional investors.

Simplify U.S. Equity PLUS GBTC ETF Stock Up 0.2%

NASDAQ:SPBC traded up $0.09 during mid-day trading on Wednesday, hitting $47.25. 7,927 shares of the stock traded hands, compared to its average volume of 6,743. The business’s 50-day moving average price is $47.53 and its 200 day moving average price is $45.57. The company has a market cap of $43.94 million, a PE ratio of 124.42 and a beta of 1.22. Simplify U.S. Equity PLUS GBTC ETF has a 12-month low of $40.29 and a 12-month high of $48.72.

Simplify U.S. Equity PLUS GBTC ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, June 25th. Simplify U.S. Equity PLUS GBTC ETF’s dividend payout ratio (DPR) is 105.26%.

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.