Simplify Target 15 Distribution ETF (NYSEARCA:XV) Sees Large Increase in Short Interest

Simplify Target 15 Distribution ETF (NYSEARCA:XV) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 36,237 shares, a growth of 140.4% from the August 31st total of 15,074 shares. Based on an average daily 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 short sold.

Simplify Target 15 Distribution ETF Price Performance

NYSEARCA:XV traded down $0.30 on Friday, reaching $24.20. The stock had a trading volume of 48,839 shares, compared to its average volume of 40,333. Simplify Target 15 Distribution ETF has a 12-month low of $23.40 and a 12-month high of $27.47. The firm’s fifty day moving average is $24.68 and its two-hundred day moving average is $24.55.

Hedge Funds Weigh In On Simplify Target 15 Distribution ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Islay Capital Management LLC boosted its position in Simplify Target 15 Distribution ETF by 52.7% during the fourth quarter. Islay Capital Management LLC now owns 4,275 shares of the company’s stock worth $108,000 after acquiring an additional 1,475 shares during the last quarter. WealthCare Asset Management LLC acquired a new position in Simplify Target 15 Distribution ETF in the 1st quarter valued at $248,000. Legacy Wealth Managment LLC ID lifted its stake 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 worth $295,000 after purchasing an additional 11,546 shares during the period. Brookstone Capital Management purchased a new position in shares of Simplify Target 15 Distribution ETF during the 1st quarter worth $358,000. Finally, Claris Financial LLC acquired a new stake in shares of Simplify Target 15 Distribution ETF during the fourth quarter worth $898,000.

About Simplify Target 15 Distribution ETF

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.