Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD) Stock Price Down 1.1% – Should You Sell?

Simplify US Equity PLUS Downside Convexity ETF (NYSEARCA:SPD)’s share price was down 1.1% on Monday . The company traded as low as $33.34 and last traded at $33.68. Approximately 11,621 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 28,384 shares. The stock had previously closed at $34.04.

Simplify US Equity PLUS Downside Convexity ETF Stock Down 0.9 %

The firm has a fifty day moving average of $34.31 and a 200-day moving average of $33.30. The firm has a market cap of $107.79 million, a P/E ratio of 25.10 and a beta of 0.90.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Elevated Capital Advisors LLC acquired a new position in shares of Simplify US Equity PLUS Downside Convexity ETF in the 2nd quarter valued at $245,000. Financial Enhancement Group LLC increased its holdings in shares of Simplify US Equity PLUS Downside Convexity ETF by 13.1% in the second quarter. Financial Enhancement Group LLC now owns 19,366 shares of the company’s stock worth $626,000 after acquiring an additional 2,236 shares in the last quarter. Lloyd Advisory Services LLC. acquired a new stake in shares of Simplify US Equity PLUS Downside Convexity ETF during the second quarter worth about $1,660,000. Commonwealth Equity Services LLC bought a new position in shares of Simplify US Equity PLUS Downside Convexity ETF during the 2nd quarter valued at about $1,743,000. Finally, Ironsides Asset Advisors LLC lifted its holdings in shares of Simplify US Equity PLUS Downside Convexity ETF by 41.1% during the 3rd quarter. Ironsides Asset Advisors LLC now owns 61,083 shares of the company’s stock valued at $2,044,000 after purchasing an additional 17,800 shares in the last quarter.

Simplify US Equity PLUS Downside Convexity ETF Company Profile

The Simplify US Equity PLUS Downside Convexity ETF (SPD) 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 US large-cap stocks while applying a downside options overlay strategy. SPD was launched on Sep 3, 2020 and is managed by Simplify.