Simplify Enhanced Income ETF (NYSEARCA:HIGH – Get Free Report) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 6,895 shares, a drop of 80.8% from the July 15th total of 35,856 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 11,904 shares, the days-to-cover ratio is presently 0.6 days.
Simplify Enhanced Income ETF Stock Up 0.3%
Shares of Simplify Enhanced Income ETF stock traded up $0.07 during trading on Thursday, hitting $21.99. 53,769 shares of the stock were exchanged, compared to its average volume of 46,586. The company has a fifty day moving average price of $21.62 and a 200-day moving average price of $21.63. Simplify Enhanced Income ETF has a 1-year low of $21.12 and a 1-year high of $23.88.
Hedge Funds Weigh In On Simplify Enhanced Income ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sound Income Strategies LLC raised its stake in 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 valued at $25,000 after buying an additional 651 shares during the period. Raymond James Financial Inc. bought a new position in shares of Simplify Enhanced Income ETF during the 2nd quarter worth approximately $47,000. NBC Securities Inc. bought a new position in shares of Simplify Enhanced Income ETF during the 4th quarter worth approximately $61,000. Lloyd Advisory Services LLC. acquired a new position in shares of Simplify Enhanced Income ETF during the 4th quarter worth approximately $233,000. Finally, Royal Bank of Canada increased its holdings in shares of Simplify Enhanced Income ETF by 18.5% during the 4th quarter. Royal Bank of Canada now owns 12,227 shares of the company’s stock worth $273,000 after acquiring an additional 1,908 shares during the last quarter.
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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