Net Asset Value Restatement for Simplify Multi-QIS Alternative ETF (QIS)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 29 2024
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Source: Newsfilter
NAV Adjustment Announcement: Simplify Asset Management Inc. has restated the net asset value (NAV) per share of its Simplify Multi-QIS Alternative ETF, changing it from $24.87 to $24.61 due to an incorrect swap security price, reflecting a -1.03% adjustment.
Company Overview: Founded in 2020, Simplify Asset Management Inc. provides innovative options-based strategies for advisors to address portfolio challenges, emphasizing the importance of understanding investment risks and objectives before investing in ETFs.
Analyst Views on QIS
Wall Street analysts forecast QIS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QIS is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 14.923
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Current: 14.923
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
