Simplify Enhanced Income ETF (NYSEARCA:HIGH – Get Free Report) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 6,895 shares, a drop of 80.8% from the July 15th total of 35,856 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 11,904 shares, the short-interest ratio is presently 0.6 days.
Institutional Investors Weigh In On Simplify Enhanced Income ETF
Hedge funds have recently added to or reduced their stakes in the company. Key Capital Management INC purchased a new stake in Simplify Enhanced Income ETF in the 4th quarter valued at $2,223,000. Altiora Financial Group LLC purchased a new position in Simplify Enhanced Income ETF during the 4th quarter worth $1,981,000. Howard Bailey Securities LLC bought a new stake in shares of Simplify Enhanced Income ETF in the 4th quarter worth $1,792,000. Principal Securities Inc. grew its stake in shares of Simplify Enhanced Income ETF by 15.2% in the 4th quarter. Principal Securities Inc. now owns 599,795 shares of the company’s stock worth $13,381,000 after acquiring an additional 78,956 shares in the last quarter. Finally, Elevated Capital Advisors LLC grew its stake in shares of Simplify Enhanced Income ETF by 20.8% in the 4th quarter. Elevated Capital Advisors LLC now owns 420,805 shares of the company’s stock worth $9,388,000 after acquiring an additional 72,510 shares in the last quarter.
Simplify Enhanced Income ETF Stock Down 0.2%
Shares of Simplify Enhanced Income ETF stock opened at $21.90 on Wednesday. The business has a 50-day simple moving average of $21.61 and a 200 day simple moving average of $21.63. Simplify Enhanced Income ETF has a one year low of $21.12 and a one year high of $23.88.
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.
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