Short Interest in Simplify Enhanced Income ETF (NYSEARCA:HIGH) Drops By 34.1%

Simplify Enhanced Income ETF (NYSEARCA:HIGH) saw a large drop in short interest in December. As of December 15th, there was short interest totaling 24,447 shares, a drop of 34.1% from the November 30th total of 37,080 shares. Based on an average trading volume of 53,488 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.3% of the shares of the stock are short sold. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 53,488 shares, the days-to-cover ratio is currently 0.5 days.

Simplify Enhanced Income ETF Price Performance

HIGH traded down $0.07 on Monday, reaching $22.45. The stock had a trading volume of 45,617 shares, compared to its average volume of 102,356. Simplify Enhanced Income ETF has a fifty-two week low of $20.98 and a fifty-two week high of $25.15. The firm has a 50-day moving average of $22.82 and a 200-day moving average of $23.23.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in HIGH. Transce3nd LLC boosted its stake in shares of Simplify Enhanced Income ETF by 6.4% in the 2nd quarter. Transce3nd LLC now owns 7,290 shares of the company’s stock valued at $177,000 after purchasing an additional 440 shares during the last quarter. IFP Advisors Inc lifted its holdings in Simplify Enhanced Income ETF by 5.5% in the second quarter. IFP Advisors Inc now owns 11,607 shares of the company’s stock valued at $281,000 after buying an additional 609 shares during the period. Decker Retirement Planning Inc. lifted its holdings in Simplify Enhanced Income ETF by 2.4% in the third quarter. Decker Retirement Planning Inc. now owns 27,479 shares of the company’s stock valued at $634,000 after buying an additional 644 shares during the period. WealthPLAN Partners LLC boosted its position in Simplify Enhanced Income ETF by 0.6% during the third quarter. WealthPLAN Partners LLC now owns 107,873 shares of the company’s stock valued at $2,491,000 after acquiring an additional 667 shares during the last quarter. Finally, Whipplewood Advisors LLC grew its holdings in Simplify Enhanced Income ETF by 31.7% during the 2nd quarter. Whipplewood Advisors LLC now owns 6,535 shares of the company’s stock worth $158,000 after acquiring an additional 1,574 shares during the period.

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.