Short Interest in Simplify Enhanced Income ETF (NYSEARCA:HIGH) Expands By 109.1%

Simplify Enhanced Income ETF (NYSEARCA:HIGH) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 8,643 shares, an increase of 109.1% from the May 14th total of 4,133 shares. Based on an average daily volume of 38,505 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are short sold.

Institutional Investors Weigh In On Simplify Enhanced Income ETF

A number of institutional investors have recently made changes to their positions in the company. Principal Securities Inc. grew its stake 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 buying an additional 78,956 shares during the last quarter. Elevated Capital Advisors LLC lifted its holdings in shares of Simplify Enhanced Income ETF by 20.8% in the fourth quarter. Elevated Capital Advisors LLC now owns 420,805 shares of the company’s stock valued at $9,388,000 after buying an additional 72,510 shares during the period. LPL Financial LLC lifted its holdings in shares of Simplify Enhanced Income ETF by 2.8% in the fourth 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 period. Envestnet Asset Management Inc. lifted its holdings in shares of Simplify Enhanced Income ETF by 10.5% in the third quarter. Envestnet Asset Management Inc. now owns 242,057 shares of the company’s stock valued at $5,589,000 after buying an additional 22,996 shares during the period. Finally, Key Capital Management INC purchased a new stake in shares of Simplify Enhanced Income ETF during the fourth quarter valued at $2,223,000.

Simplify Enhanced Income ETF Stock Performance

Shares of HIGH traded up $0.03 during trading on Friday, reaching $21.67. The company’s stock had a trading volume of 18,010 shares, compared to its average volume of 57,063. The company has a fifty day moving average of $21.56 and a two-hundred day moving average of $21.90. Simplify Enhanced Income ETF has a twelve month low of $21.16 and a twelve month high of $24.97.

Simplify Enhanced Income ETF Company Profile

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.