Simplify Enhanced Income ETF (NYSEARCA:HIGH – Get Free Report) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 8,643 shares, an increase of 109.1% from the May 14th total of 4,133 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 38,505 shares, the days-to-cover ratio is presently 0.2 days.
Institutional Trading of Simplify Enhanced Income ETF
Institutional investors and hedge funds have recently modified their holdings of the stock. Sound Income Strategies LLC raised its stake in shares of Simplify Enhanced Income ETF by 137.3% in the fourth quarter. Sound Income Strategies LLC now owns 1,125 shares of the company’s stock worth $25,000 after purchasing an additional 651 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Simplify Enhanced Income ETF in the second quarter valued at approximately $47,000. NBC Securities Inc. bought a new position in shares of Simplify Enhanced Income ETF in the fourth quarter valued at approximately $61,000. Lloyd Advisory Services LLC. bought a new position in shares of Simplify Enhanced Income ETF in the fourth quarter valued at approximately $233,000. Finally, Royal Bank of Canada grew its holdings in shares of 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 valued at $273,000 after acquiring an additional 1,908 shares in the last quarter.
Simplify Enhanced Income ETF Stock Performance
Shares of Simplify Enhanced Income ETF stock traded up $0.20 on Monday, hitting $21.87. The company had a trading volume of 10,285 shares, compared to its average volume of 56,632. Simplify Enhanced Income ETF has a 1 year low of $21.16 and a 1 year high of $24.97. The stock has a 50 day moving average of $21.56 and a 200-day moving average of $21.89.
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.
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