Simplify Enhanced Income ETF (NYSEARCA:HIGH) Short Interest Update

Simplify Enhanced Income ETF (NYSEARCA:HIGH) saw a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 44,280 shares, a growth of 106.1% from the January 15th total of 21,489 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average trading volume of 60,770 shares, the short-interest ratio is currently 0.7 days. Based on an average trading volume of 60,770 shares, the short-interest ratio is currently 0.7 days. Currently, 0.7% of the shares of the company are sold short.

Simplify Enhanced Income ETF Trading Down 0.5%

Simplify Enhanced Income ETF stock opened at $21.83 on Friday. The business’s 50-day simple moving average is $22.30 and its two-hundred day simple moving average is $22.84. Simplify Enhanced Income ETF has a fifty-two week low of $20.98 and a fifty-two week high of $25.15.

Simplify Enhanced Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 30th. Investors of record on Tuesday, January 27th were issued a $0.12 dividend. This represents a c) annualized dividend and a yield of 6.6%. The ex-dividend date was Tuesday, January 27th.

Institutional Trading of Simplify Enhanced Income ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Altiora Financial Group LLC acquired a new stake in shares of Simplify Enhanced Income ETF in the fourth quarter worth $1,981,000. Principal Securities Inc. grew its position in Simplify Enhanced Income ETF by 15.2% during the 4th quarter. Principal Securities Inc. now owns 599,795 shares of the company’s stock worth $13,381,000 after purchasing an additional 78,956 shares during the period. Howard Bailey Securities LLC acquired a new stake in Simplify Enhanced Income ETF during the 4th quarter worth about $1,792,000. LPL Financial LLC raised its stake in shares of Simplify Enhanced Income ETF by 2.8% during the 4th quarter. LPL Financial LLC now owns 295,843 shares of the company’s stock valued at $6,600,000 after buying an additional 8,121 shares during the last quarter. Finally, Foundations Investment Advisors LLC lifted its holdings in shares of Simplify Enhanced Income ETF by 37.2% in the 4th quarter. Foundations Investment Advisors LLC now owns 12,321 shares of the company’s stock valued at $275,000 after buying an additional 3,342 shares during the period.

About Simplify Enhanced Income ETF

The Simplify Enhanced Income ETF (HIGH) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks to provide monthly income by holding a short-term portfolio of income-producing US Treasurys and utilizing an option spread writing strategy. HIGH was launched on Oct 27, 2022 and is managed by Simplify.