Simplify Enhanced Income ETF (NYSEARCA:HIGH – Get Free Report) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 3,161 shares, a decrease of 54.2% from the July 30th total of 6,895 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 21,213 shares, the days-to-cover ratio is presently 0.1 days.
Simplify Enhanced Income ETF Price Performance
Simplify Enhanced Income ETF stock traded down $0.09 during trading hours on Friday, hitting $21.55. The stock had a trading volume of 17,178 shares, compared to its average volume of 44,163. The business’s 50 day simple moving average is $21.63 and its 200-day simple moving average is $21.60. Simplify Enhanced Income ETF has a one year low of $20.96 and a one year high of $23.88.
Hedge Funds Weigh In On Simplify Enhanced Income ETF
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of Simplify Enhanced Income ETF during the 2nd quarter valued at $47,000. Lloyd Advisory Services LLC. bought a new stake in Simplify Enhanced Income ETF in the fourth quarter valued at $233,000. Royal Bank of Canada increased its stake in Simplify Enhanced Income ETF by 18.5% in the fourth quarter. Royal Bank of Canada now owns 12,227 shares of the company’s stock valued at $273,000 after purchasing an additional 1,908 shares in the last quarter. Foundations Investment Advisors LLC raised its holdings in shares of Simplify Enhanced Income ETF by 37.2% during the fourth quarter. Foundations Investment Advisors LLC now owns 12,321 shares of the company’s stock valued at $275,000 after purchasing an additional 3,342 shares during the period. Finally, CreativeOne Wealth LLC acquired a new position in shares of Simplify Enhanced Income ETF during the third quarter valued at about $553,000.
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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