Simplify US Equity PLUS Downside Convexity ETF (SPD)
Simplify US Equity PLUS Downside Convexity ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Las Vegas, NV, US. The stock last traded at $42.90, up 0.20% on the session, giving a market capitalisation of $109.4M. Its beta of 0.94 implies it has historically moved less than the broad market.
The adviser seeks to achieve the fund's investment objective by investing primarily in equity securities of U.S. companies and applying a downside convexity option overlay strategy to the equity investments. Under normal circumstances, it invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of U.S. companies, primarily by purchasing exchange-traded funds ("ETFs"). The downside convexity option overlay strategy includes purchasing exchange-traded and over-the-counter ("OTC") put options on the S&P 500 Index or an S&P 500 Index ETF.
Simplify US Equity PLUS Downside Convexity ETF is most often compared with the following Financial Services names: