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

Simplify Enhanced Income ETF (NYSEARCA:HIGH) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 2,996 shares, a drop of 44.5% from the September 15th total of 5,397 shares. Based on an average daily trading volume, of 20,733 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Simplify Enhanced Income ETF

Several hedge funds have recently added to or reduced their stakes in the business. Mosley Wealth Management boosted its position in Simplify Enhanced Income ETF by 28.3% during the third quarter. Mosley Wealth Management now owns 19,996 shares of the company’s stock worth $420,000 after purchasing an additional 4,416 shares during the period. WealthPLAN Partners LLC acquired a new position in shares of Simplify Enhanced Income ETF in the third quarter valued at $288,000. Mather Group LLC. acquired a new position in shares of Simplify Enhanced Income ETF in the third quarter valued at $249,000. Citadel Advisors LLC bought a new position in shares of Simplify Enhanced Income ETF in the second quarter valued at about $219,000. Finally, Legacy Wealth Managment LLC ID raised its position in shares of Simplify Enhanced Income ETF by 46.0% in the second quarter. Legacy Wealth Managment LLC ID now owns 61,667 shares of the company’s stock valued at $1,334,000 after purchasing an additional 19,434 shares during the period.

Simplify Enhanced Income ETF Stock Performance

Shares of NYSEARCA HIGH traded down $0.12 during midday trading on Friday, hitting $20.86. 9,588 shares of the company’s stock were exchanged, compared to its average volume of 39,161. Simplify Enhanced Income ETF has a 12 month low of $20.72 and a 12 month high of $23.88. The company’s 50 day moving average price is $21.46 and its 200 day moving average price is $21.53.

About Simplify Enhanced Income ETF

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.