Simplify Target 15 Distribution ETF (NYSEARCA:XV) Stock Short Interest Rises 140.4%

Simplify Target 15 Distribution ETF (NYSEARCA:XV) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 36,237 shares, an increase of 140.4% from the August 31st total of 15,074 shares. Based on an average daily trading volume, of 32,982 shares, the days-to-cover ratio is currently 1.1 days. Currently, 1.0% of the shares of the stock are sold short.

Simplify Target 15 Distribution ETF Trading Down 0.2%

Shares of Simplify Target 15 Distribution ETF stock opened at $24.15 on Tuesday. The company has a 50 day simple moving average of $24.67 and a two-hundred day simple moving average of $24.54. Simplify Target 15 Distribution ETF has a 1 year low of $23.40 and a 1 year high of $27.47.

Hedge Funds Weigh In On Simplify Target 15 Distribution ETF

Several institutional investors have recently modified their holdings of XV. Envestnet Asset Management Inc. grew its position in Simplify Target 15 Distribution ETF by 48.3% during the second quarter. Envestnet Asset Management Inc. now owns 263,327 shares of the company’s stock valued at $6,525,000 after acquiring an additional 85,719 shares during the last quarter. Claris Financial LLC purchased a new stake in shares of Simplify Target 15 Distribution ETF in the 4th quarter valued at $898,000. Brookstone Capital Management purchased a new stake in shares of Simplify Target 15 Distribution ETF in the 1st quarter valued at $358,000. Legacy Wealth Managment LLC ID grew its holdings in shares of Simplify Target 15 Distribution ETF by 3,112.1% during the 2nd quarter. Legacy Wealth Managment LLC ID now owns 11,917 shares of the company’s stock valued at $295,000 after purchasing an additional 11,546 shares during the last quarter. Finally, WealthCare Asset Management LLC purchased a new position in Simplify Target 15 Distribution ETF in the 1st quarter worth $248,000.

Simplify Target 15 Distribution ETF Company Profile

The Simplify Target 15 Distribution ETF (XV) is an actively managed exchange-traded fund that seeks to provide a 15% annualized distribution rate, paid monthly. The fund employs a strategy of selling barrier put options based on the worst-performing of three reference indices: S&P 500, Nasdaq 100, and Russell 2000. This approach aims to generate higher income levels compared to traditional fixed-income products, with defined downside risk through barrier levels. The fund offers a unique source of monthly income differentiated from traditional fixed income or volatility selling strategies.