Simplify Enhanced Income ETF (NYSEARCA:HIGH) Sees Significant Increase in Short Interest

Simplify Enhanced Income ETF (NYSEARCA:HIGH) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 40,092 shares, a growth of 439.7% from the June 15th total of 7,428 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily volume of 21,102 shares, the days-to-cover ratio is currently 1.9 days.

Simplify Enhanced Income ETF Stock Up 0.0%

HIGH traded up $0.01 during midday trading on Friday, hitting $21.65. The stock had a trading volume of 18,936 shares, compared to its average volume of 52,188. The business has a fifty day moving average of $21.62 and a 200 day moving average of $21.76. Simplify Enhanced Income ETF has a 1 year low of $21.16 and a 1 year high of $24.10.

Hedge Funds Weigh In On Simplify Enhanced Income ETF

A number of large investors have recently added to or reduced their stakes in HIGH. Key Capital Management INC bought a new stake in Simplify Enhanced Income ETF in the fourth quarter worth $2,223,000. Elevated Capital Advisors LLC increased 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 worth $9,388,000 after buying an additional 72,510 shares during the period. Principal Securities Inc. increased its holdings in shares of Simplify Enhanced Income ETF by 15.2% in the fourth 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 period. Howard Bailey Securities LLC bought a new stake in shares of Simplify Enhanced Income ETF in the 4th quarter valued at about $1,792,000. Finally, FSA Advisors Inc. purchased a new stake in Simplify Enhanced Income ETF during the 4th quarter valued at about $1,396,000.

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.