Simplify Enhanced Income ETF (NYSEARCA:HIGH) Sees Large Growth in Short Interest

Simplify Enhanced Income ETF (NYSEARCA:HIGH) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 6,316 shares, an increase of 110.8% from the September 30th total of 2,996 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 14,492 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Simplify Enhanced Income ETF

A number of large investors have recently bought and sold shares of the stock. Legacy Wealth Managment LLC ID raised its position in shares of Simplify Enhanced Income ETF by 46.0% in the 2nd quarter. Legacy Wealth Managment LLC ID now owns 61,667 shares of the company’s stock worth $1,334,000 after buying an additional 19,434 shares during the period. Mosley Wealth Management boosted its holdings in Simplify Enhanced Income ETF by 28.3% in the third quarter. Mosley Wealth Management now owns 19,996 shares of the company’s stock valued at $420,000 after acquiring an additional 4,416 shares during the last quarter. WealthPLAN Partners LLC purchased a new stake in Simplify Enhanced Income ETF during the third quarter valued at about $288,000. Mather Group LLC. purchased a new stake in Simplify Enhanced Income ETF during the third quarter valued at about $249,000. Finally, Citadel Advisors LLC acquired a new stake in Simplify Enhanced Income ETF during the second quarter worth about $219,000.

Simplify Enhanced Income ETF Price Performance

Shares of HIGH traded down $0.12 during mid-day trading on Friday, hitting $20.83. The company had a trading volume of 30,201 shares, compared to its average volume of 37,885. Simplify Enhanced Income ETF has a 1-year low of $20.72 and a 1-year high of $23.39. The business’s 50-day simple moving average is $21.27 and its 200-day simple moving average is $21.57.

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.