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

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

Simplify US Equity PLUS Downside Convexity ETF Price Performance

The stock has a market capitalization of $108.79 million, a PE ratio of 25.10 and a beta of 0.90. The company has a 50 day moving average price of $34.32 and a 200-day moving average price of $33.28.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Elevated Capital Advisors LLC purchased a new stake in Simplify US Equity PLUS Downside Convexity ETF in the second quarter worth about $245,000. Financial Enhancement Group LLC grew its stake in shares of Simplify US Equity PLUS Downside Convexity ETF by 13.1% in the 2nd quarter. Financial Enhancement Group LLC now owns 19,366 shares of the company’s stock worth $626,000 after buying an additional 2,236 shares during the last quarter. Lloyd Advisory Services LLC. purchased a new stake in shares of Simplify US Equity PLUS Downside Convexity ETF in the 2nd quarter worth approximately $1,660,000. Commonwealth Equity Services LLC bought a new position in Simplify US Equity PLUS Downside Convexity ETF during the 2nd quarter valued at approximately $1,743,000. Finally, Ironsides Asset Advisors LLC raised its stake in Simplify US Equity PLUS Downside Convexity ETF by 41.1% during the third quarter. Ironsides Asset Advisors LLC now owns 61,083 shares of the company’s stock valued at $2,044,000 after buying an additional 17,800 shares during the last quarter.

About Simplify US Equity PLUS Downside Convexity ETF

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.