(SPD) Simplify US Equity PLUS - Ratings and Ratios

The Simplify US Equity PLUS Downside Convexity ETF (NYSE ARCA: SPD) is designed to combine equity exposure with a protective options strategy. The fund primarily invests in U.S. equity securities, with at least 80% of its net assets allocated to these investments, predominantly through ETFs. To mitigate potential losses, the adviser employs a downside convexity strategy, which involves purchasing put options on the S&P 500 Index or related ETFs. These options are traded on both exchange-traded and over-the-counter markets, providing a layer of protection during market downturns while allowing upside participation in rising markets.

As of the latest data, SPD has an AUM of $139.29 million and maintains an average 20-day trading volume of 75,606 shares. The fund is currently trading at $32.25, slightly below its 20-day SMA of $33.94 and 50-day SMA of $33.99, but above its 200-day SMA of $33.07. The Average True Range (ATR) of 0.48 indicates moderate price volatility.

3-Month Forecast (Based on Technical and Fundamental Data): - Price Target Range: $32.00 - $34.50 (based on current price action and SMA levels). - Volatility Expectation: ATR suggests average daily price swings of ~$0.48, translating to ~1.5% daily volatility. - Support Levels: $31.50 (historic lows) and $32.75 (20-day SMA). - Resistance Levels: $34.00 (50-day SMA) and $34.50 (potential overhead resistance). - Fundamental Outlook: The funds AUM of $139.29 million reflects moderate investor interest. Continued inflows into U.S. equity ETFs could support asset growth, though market direction will primarily dictate performance.