Simplify Target 15 Distribution ETF (NYSEARCA:XV) Sees Significant Decline in Short Interest

Simplify Target 15 Distribution ETF (NYSEARCA:XV) saw a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 2,707 shares, a drop of 88.4% from the January 29th total of 23,417 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 39,446 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 39,446 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

Simplify Target 15 Distribution ETF Stock Up 0.4%

Shares of Simplify Target 15 Distribution ETF stock traded up $0.10 during trading on Wednesday, reaching $24.96. 52,759 shares of the company traded hands, compared to its average volume of 41,766. Simplify Target 15 Distribution ETF has a 1-year low of $24.31 and a 1-year high of $27.47. The company has a 50 day moving average price of $25.45 and a 200-day moving average price of $26.26.

Hedge Funds Weigh In On Simplify Target 15 Distribution ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. CreativeOne Wealth LLC bought a new position in shares of Simplify Target 15 Distribution ETF in the second quarter valued at approximately $3,280,000. Osaic Holdings Inc. purchased a new stake in Simplify Target 15 Distribution ETF in the 2nd quarter valued at $25,000. Mid American Wealth Advisory Group Inc. bought a new position in Simplify Target 15 Distribution ETF during the 3rd quarter valued at $415,000. Brookwood Investment Group LLC purchased a new position in Simplify Target 15 Distribution ETF during the 3rd quarter worth $859,000. Finally, Evolution Wealth Management Inc. bought a new stake in shares of Simplify Target 15 Distribution ETF in the 3rd quarter worth $39,000.

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.