Simplify US Equity PLUS Upside Convexity ETF (NYSEARCA:SPUC) Stock Short Interest Jumps 226.5%

Simplify US Equity PLUS Upside Convexity ETF (NYSEARCA:SPUC) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 22,868 shares, an increase of 226.5% from the September 15th total of 7,004 shares. Based on an average daily volume of 47,392 shares, the short-interest ratio is presently 0.5 days. Currently, 0.4% of the shares of the stock are sold short.

Simplify US Equity PLUS Upside Convexity ETF Price Performance

Shares of SPUC traded down $0.20 during mid-day trading on Tuesday, reaching $49.44. The company had a trading volume of 4,022 shares, compared to its average volume of 38,457. Simplify US Equity PLUS Upside Convexity ETF has a twelve month low of $42.89 and a twelve month high of $52.08. The company’s 50-day moving average is $49.61 and its 200-day moving average is $48.77. The company has a market capitalization of $258.08 million, a P/E ratio of 21.23 and a beta of 1.23.

Institutional Trading of Simplify US Equity PLUS Upside Convexity ETF

An institutional investor recently bought a new stake in Simplify US Equity PLUS Upside Convexity ETF stock. Elevated Capital Advisors LLC acquired a new position in shares of Simplify US Equity PLUS Upside Convexity ETF (NYSEARCA:SPUC) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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.

About Simplify US Equity PLUS Upside Convexity ETF

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.