Simplify US Equity PLUS Convexity ETF Price & Performance (SPYC)

LPL Financial and several other major firms significantly increased their stakes in the Simplify US Equity PLUS Downside Convexity ETF during the last quarter, reflecting a growing appetite for risk-managed equity exposure. The ETF, which employs a downside options overlay, has seen its price stabilize above $33, with a recent 1.3% uptick.12

Recent trading data shows a sharp rise in both call and put open interest for SPY options, particularly at strike prices of $555 and $545, suggesting traders are bracing for increased market swings. Notably, open interest for the $400 put expiring in September jumped by nearly 100%, hinting at hedging against downside risk.31

As of April 24, the Simplify US Equity PLUS Upside Convexity ETF (SPUC) allocates over 87% of its portfolio to the iShares Core S&P 500 ETF, with an additional 8.6% in S&P 500 call options. This structure signals a strong bet on large-cap US equities, while maintaining an options overlay for potential upside.45