Simplify Target 15 Distribution ETF (NYSEARCA:XV) Stock Short Interest Report for September

Simplify Target 15 Distribution ETF (NYSEARCA:XV) saw a large decrease in short interest in September. As of September 30th, there was short interest totaling 10,468 shares, a decrease of 71.1% from the September 15th total of 36,237 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 108,809 shares, the days-to-cover ratio is currently 0.1 days.

Simplify Target 15 Distribution ETF Stock Down 0.1%

XV traded down $0.03 during trading on Tuesday, reaching $24.10. 25,297 shares of the company’s stock were exchanged, compared to its average volume of 43,432. Simplify Target 15 Distribution ETF has a fifty-two week low of $23.40 and a fifty-two week high of $27.47. The business has a 50 day moving average price of $24.61 and a 200 day moving average price of $24.54.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. raised its stake in Simplify Target 15 Distribution ETF by 48.3% in the second quarter. Envestnet Asset Management Inc. now owns 263,327 shares of the company’s stock valued at $6,525,000 after buying an additional 85,719 shares during the period. Claris Financial LLC acquired a new position in Simplify Target 15 Distribution ETF in the 4th quarter valued at $898,000. Brookstone Capital Management acquired a new position in shares of Simplify Target 15 Distribution ETF in the 1st quarter valued at approximately $358,000. Legacy Wealth Managment LLC ID lifted its stake in Simplify Target 15 Distribution ETF by 3,112.1% during the second quarter. Legacy Wealth Managment LLC ID now owns 11,917 shares of the company’s stock worth $295,000 after purchasing an additional 11,546 shares during the last quarter. Finally, WealthCare Asset Management LLC bought a new position in Simplify Target 15 Distribution ETF in the first quarter valued at about $248,000.

Simplify Target 15 Distribution ETF Company Profile

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.