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Business Wire (Tue, 3-Dec 8:55 AM ET)
The Fund is an actively managed ETF. The adviser seeks to achieve the Fund's investment objective by investing primarily in equity securities of U.S. small cap companies and applying an income generating option strategy. Under normal circumstances, the Fund invests at least 80% of its net assets in securities of U.S. small capitalization companies, primarily by purchasing exchange-traded funds ("ETFs"). The adviser does not frequently trade U.S. securities but seeks to maintain consistent exposure to the U.S. small cap market though a representative ETF or ETFs. The Fund defines U.S. companies as those organized in the U.S.; having a class of securities whose principal securities market is in the U.S.; or derives 50% or more of its total revenues or earnings from goods produced, sales made, or services provided in the U.S., or maintains 50% or more of its employees, assets, investments, operations, or other business activity in the U.S. The Fund defines small-capitalization companies as those with market capitalizations between $300 million and $9 billion at the time of purchase. To generate income, the Fund employs an exchange traded and over-the-counter ("OTC") option spread writing strategy on equity, fixed income, and currency ETFs.
Simplify Funds Simplify US Small Cap Plus Income ETF trades on the ARCA stock market under the symbol SCY.
As of January 3, 2025, SCY stock price climbed to $22.61 with 511 million shares trading.
SCY has a market cap of $2.26 million. This is considered a Sub-Micro Cap stock.
SCY support price is $21.94 and resistance is $22.63 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SCY shares will trade within this expected range on the day.