Short Interest in Simplify Target 15 Distribution ETF (NYSEARCA:XV) Expands By 164.9%

Simplify Target 15 Distribution ETF (NYSEARCA:XV) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 28,556 shares, a growth of 164.9% from the December 31st total of 10,781 shares. Based on an average trading volume of 20,615 shares, the days-to-cover ratio is presently 1.4 days. Approximately 1.0% of the shares of the company are sold short. Approximately 1.0% of the shares of the company are sold short. Based on an average trading volume of 20,615 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Brookwood Investment Group LLC bought a new position in shares of Simplify Target 15 Distribution ETF during the third quarter worth approximately $859,000. CreativeOne Wealth LLC bought a new position in Simplify Target 15 Distribution ETF during the 2nd quarter worth $3,280,000. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Simplify Target 15 Distribution ETF during the third quarter worth $415,000. NBC Securities Inc. bought a new stake in shares of Simplify Target 15 Distribution ETF in the fourth quarter valued at about $51,000. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Simplify Target 15 Distribution ETF in the third quarter valued at about $235,000.

Simplify Target 15 Distribution ETF Trading Down 0.4%

XV stock traded down $0.11 during midday trading on Friday, reaching $25.24. 25,294 shares of the company were exchanged, compared to its average volume of 47,601. Simplify Target 15 Distribution ETF has a one year low of $24.31 and a one year high of $27.47. The business has a 50-day moving average price of $26.00 and a two-hundred day moving average price of $26.45.

About Simplify Target 15 Distribution ETF

The Simplify Target 15 Distribution ETF (XV) is an actively managed exchange-traded fund that seeks to provide a 15% annualized distribution rate, paid monthly. The fund employs a strategy of selling barrier put options based on the worst-performing of three reference indices: S&P 500, Nasdaq 100, and Russell 2000. This approach aims to generate higher income levels compared to traditional fixed-income products, with defined downside risk through barrier levels. The fund offers a unique source of monthly income differentiated from traditional fixed income or volatility selling strategies.