SPBC Stock Summary and Trading Ideas (Simplify US Equity Plus Gbtc ETF | NASDAQ:SPBC)

The Fund invests in equity securities of U.S. companies through (i) exchange-traded futures contracts, (ii) equity securities of U.S. companies, and (iii) ETFs that primarily invest in the equity securities of U.S. companies. 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 invests in companies without restriction as to capitalization. The Fund invests up to 15% of its total assets in the Grayscale Bitcoin Trust. The Grayscale Bitcoin Trust seeks for its shares to track the price of Bitcoin. The Fund expects to gain exposure to crypto currencies indirectly by investing up to 15% of its total assets in a wholly-owned and controlled subsidiary, which is designed to enhance the ability of the Fund to obtain exposure to cryptocurrencies consistent with the limits of the U.S. federal tax law requirements applicable to regulated investment companies.

Simplify US Equity Plus Gbtc ETF trades on the NASDAQ stock market under the symbol SPBC.

As of January 6, 2025, SPBC stock price climbed to $39.51 with 6,875 million shares trading.

SPBC has a beta of 1.06, meaning it tends to be more sensitive to market movements. SPBC has a correlation of 0.83 to the broad based SPY ETF.

SPBC has a market cap of $40.50 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, SPBC traded as high as $41.13 and as low as $19.11.

SPBC has outperformed the market in the last year with a price return of +41.0% while the SPY ETF gained +28.7%. SPBC has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +9.2% and +0.5%, respectively, while the SPY returned +4.2% and +0.1%, respectively.

SPBC support price is $38.77 and resistance is $39.91 (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 SPBC shares will trade within this expected range on the day.