Simplify Multi-QIS Alternative ETF (NYSEARCA:QIS) Stake Increased by Simplify Asset Management Inc.

Simplify Asset Management Inc. raised its stake in shares of Simplify Multi-QIS Alternative ETF (NYSEARCA:QIS) by 4.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,035 shares of the company’s stock after acquiring an additional 2,700 shares during the quarter. Simplify Asset Management Inc. owned approximately 1.37% of Simplify Multi-QIS Alternative ETF worth $1,526,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Twelve Points Wealth Management LLC bought a new position in Simplify Multi-QIS Alternative ETF during the 3rd quarter worth approximately $225,000. Matrix Trust Co bought a new position in Simplify Multi-QIS Alternative ETF during the third quarter worth $110,000. Financial Enhancement Group LLC acquired a new position in Simplify Multi-QIS Alternative ETF in the second quarter worth $589,000. Hobbs Group Advisors LLC bought a new stake in Simplify Multi-QIS Alternative ETF during the second quarter valued at $195,000. Finally, Richard P Slaughter Associates Inc raised its holdings in shares of Simplify Multi-QIS Alternative ETF by 6.3% during the second quarter. Richard P Slaughter Associates Inc now owns 29,527 shares of the company’s stock worth $747,000 after purchasing an additional 1,758 shares during the period.

Simplify Multi-QIS Alternative ETF Stock Performance

QIS stock traded up $0.03 during midday trading on Friday, reaching $24.49. The company had a trading volume of 11,065 shares, compared to its average volume of 8,946. The stock has a 50 day moving average price of $24.43 and a 200 day moving average price of $24.94. Simplify Multi-QIS Alternative ETF has a fifty-two week low of $22.70 and a fifty-two week high of $26.55.

Simplify Multi-QIS Alternative ETF Company Profile

The Simplify Multi-QIS Alternative ETF (QIS) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund aims to provide positive absolute returns and income using quantitative investment strategies to invest across equities, interest rates, commodities, and currencies through total return swaps.