HighTower Advisors LLC Buys Shares of 11,600 Simplify Market Neutral Equity Long/Short ETF (NYSEARCA:EQLS)

HighTower Advisors LLC purchased a new position in Simplify Market Neutral Equity Long/Short ETF (NYSEARCA:EQLS) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 11,600 shares of the company’s stock, valued at approximately $250,000.

Simplify Market Neutral Equity Long/Short ETF Price Performance

Shares of NYSEARCA:EQLS opened at $21.32 on Wednesday. The firm has a 50 day moving average of $21.41 and a 200 day moving average of $22.20. Simplify Market Neutral Equity Long/Short ETF has a 52 week low of $20.90 and a 52 week high of $24.84.

Simplify Market Neutral Equity Long/Short ETF Profile

The Simplify Market Neutral Equity Long/Short ETF (EQLS) is an exchange-traded fund that mostly invests in long/short alternatives. The fund seeks to achieve absolute returns and income by investing in a long/short equity portfolio based on a proprietary machine-learning stock selection model. The fund invests in US and foreign companies of any capitalization and seeks to deliver market-neutral exposure.