Short Interest in Simplify Enhanced Income ETF (NYSEARCA:HIGH) Rises By 77.4%

Simplify Enhanced Income ETF (NYSEARCA:HIGH) saw a large growth in short interest in December. As of December 31st, there was short interest totaling 43,378 shares, a growth of 77.4% from the December 15th total of 24,447 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 81,002 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 81,002 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.6% of the company’s stock are short sold.

Institutional Investors Weigh In On Simplify Enhanced Income ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. AE Wealth Management LLC increased its stake in Simplify Enhanced Income ETF by 2.1% during the 3rd quarter. AE Wealth Management LLC now owns 845,912 shares of the company’s stock valued at $19,532,000 after purchasing an additional 17,755 shares in the last quarter. WealthPlan Investment Management LLC grew its holdings in shares of Simplify Enhanced Income ETF by 0.7% during the third quarter. WealthPlan Investment Management LLC now owns 559,666 shares of the company’s stock valued at $12,923,000 after buying an additional 3,617 shares during the last quarter. Beacon Capital Management LLC increased its position in shares of Simplify Enhanced Income ETF by 15.0% during the second quarter. Beacon Capital Management LLC now owns 543,354 shares of the company’s stock worth $13,165,000 after acquiring an additional 70,707 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Simplify Enhanced Income ETF by 10.5% during the third quarter. Envestnet Asset Management Inc. now owns 242,057 shares of the company’s stock worth $5,589,000 after acquiring an additional 22,996 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID raised its holdings in shares of Simplify Enhanced Income ETF by 29.4% in the 2nd quarter. Legacy Wealth Managment LLC ID now owns 181,762 shares of the company’s stock worth $4,404,000 after acquiring an additional 41,268 shares during the last quarter.

Simplify Enhanced Income ETF Stock Performance

Simplify Enhanced Income ETF stock traded down $0.02 during midday trading on Thursday, reaching $22.27. The stock had a trading volume of 21,922 shares, compared to its average volume of 51,972. The company has a fifty day moving average price of $22.61 and a two-hundred day moving average price of $23.11. Simplify Enhanced Income ETF has a 12 month low of $20.98 and a 12 month high of $25.15.

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.