Simplify US Equity PLUS Upside Convexity ETF (NYSEARCA:SPUC) Sees Significant Drop in Short Interest

Simplify US Equity PLUS Upside Convexity ETF (NYSEARCA:SPUC) saw a significant decline in short interest in September. As of September 15th, there was short interest totaling 7,004 shares, a decline of 58.7% from the August 31st total of 16,956 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 35,559 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Simplify US Equity PLUS Upside Convexity ETF

A hedge fund recently bought a new position in Simplify US Equity PLUS Upside Convexity ETF stock. Elevated Capital Advisors LLC bought a new stake in shares of Simplify US Equity PLUS Upside Convexity ETF (NYSEARCA:SPUC) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,636 shares of the company’s stock, valued at approximately $514,000. Elevated Capital Advisors LLC owned approximately 0.51% of Simplify US Equity PLUS Upside Convexity ETF at the end of the most recent reporting period.

Simplify US Equity PLUS Upside Convexity ETF Stock Performance

Shares of Simplify US Equity PLUS Upside Convexity ETF stock traded down $0.52 during midday trading on Monday, reaching $48.69. 116,331 shares of the company’s stock traded hands, compared to its average volume of 39,308. The company has a market cap of $241.02 million, a price-to-earnings ratio of 21.23 and a beta of 1.24. The company’s 50 day simple moving average is $49.53 and its 200 day simple moving average is $48.46. Simplify US Equity PLUS Upside Convexity ETF has a 52 week low of $42.89 and a 52 week high of $52.08.

Simplify US Equity PLUS Upside Convexity ETF Company Profile

The Simplify US Equity PLUS Upside Convexity ETF (SPUC) is an exchange-traded fund that is based on the S&P 500 index. The fund is actively managed to provide exposure to the S&P 500 stocks while applying an upside options overlay strategy. SPUC was launched on Sep 3, 2020 and is managed by Simplify.