SPYC 39.75 Stock Price Simplify US Equity PLUS Convexity ETF
Range: | 29.23-39.891 | Vol Avg: | 11304 | Last Div: | 0.39 | Changes: | 0.31 |
Beta: | 0.94 | Cap: | 0.08B | Currency: | USD | Exchange: | AMEX |
Sector: | Financial Services | IPO: | Fri Sep 04 2020 | Empoloyees: | |
CUSIP: | | CIK: | | ISIN: | US82889N1037 | Country: | US |
CEO: | | Website: | https://www.simplify.us |
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.
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