SPD 34.54 Stock Price Simplify US Equity PLUS Downside Convexity ETF
Range: | 27.5-34.74 | Vol Avg: | 10450 | Last Div: | 0.44 | Changes: | 0.23 |
Beta: | 0.69 | Cap: | 0.10B | Currency: | USD | Exchange: | AMEX |
Sector: | Financial Services | IPO: | Fri Sep 04 2020 | Empoloyees: | |
CUSIP: | 82889N202 | CIK: | | ISIN: | US82889N2027 | Country: | US |
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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 consists of purchasing exchange-traded and over the counter ("OTC") put options on the S&P 500 Index or an S&P 500 Index ETF.
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