Simplify US Equity PLUS Convexity ETF (SPYC)
Simplify US Equity PLUS Convexity ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Las Vegas, NV, US. The stock last traded at $47.47, up 0.29% on the session, giving a market capitalisation of $117.4M. Its beta of 1.14 implies it has historically moved more 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 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 option overlay consists of purchasing exchange-traded and over the counter ("OTC") put and call options on the S&P 500 Index or an S&P 500 Index ETF.
Simplify US Equity PLUS Convexity ETF is most often compared with the following Financial Services names: