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

Simplify Enhanced Income ETF (NYSEARCA:HIGH) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 6,895 shares, a decline of 80.8% from the July 15th total of 35,856 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 11,904 shares, the short-interest ratio is currently 0.6 days.

Simplify Enhanced Income ETF Stock Down 0.2%

HIGH stock traded down $0.05 during midday trading on Friday, hitting $21.94. The stock had a trading volume of 7,298 shares, compared to its average volume of 46,332. Simplify Enhanced Income ETF has a 52 week low of $21.12 and a 52 week high of $23.88. The stock has a 50-day simple moving average of $21.62 and a 200 day simple moving average of $21.63.

Hedge Funds Weigh In On Simplify Enhanced Income ETF

Hedge funds have recently made changes to their positions in the business. Sound Income Strategies LLC boosted its position in shares of Simplify Enhanced Income ETF by 137.3% during the 4th quarter. Sound Income Strategies LLC now owns 1,125 shares of the company’s stock valued at $25,000 after acquiring an additional 651 shares in the last quarter. Royal Bank of Canada raised its position in Simplify Enhanced Income ETF by 18.5% in the fourth quarter. Royal Bank of Canada now owns 12,227 shares of the company’s stock worth $273,000 after purchasing an additional 1,908 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Simplify Enhanced Income ETF in the second quarter worth about $47,000. Encompass More Asset Management lifted its stake in Simplify Enhanced Income ETF by 2.4% during the fourth quarter. Encompass More Asset Management now owns 90,554 shares of the company’s stock worth $2,020,000 after purchasing an additional 2,127 shares during the period. Finally, NBC Securities Inc. bought a new position in Simplify Enhanced Income ETF during the fourth quarter worth about $61,000.

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.