Simplify Target 15 Distribution ETF (NYSEARCA:XV – Get Free Report) was the target of a significant growth in short interest in 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 trading volume of 32,982 shares, the short-interest ratio is currently 1.1 days. Approximately 1.0% of the company’s stock are short sold.
Institutional Trading of Simplify Target 15 Distribution ETF
Several institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its holdings in Simplify Target 15 Distribution ETF by 48.3% in the second quarter. Envestnet Asset Management Inc. now owns 263,327 shares of the company’s stock worth $6,525,000 after buying an additional 85,719 shares during the last quarter. Claris Financial LLC purchased a new stake in shares of Simplify Target 15 Distribution ETF during the fourth quarter valued at approximately $898,000. Brookstone Capital Management bought a new stake in shares of Simplify Target 15 Distribution ETF during the first quarter valued at approximately $358,000. Legacy Wealth Managment LLC ID increased its position in shares of Simplify Target 15 Distribution ETF by 3,112.1% during the second quarter. Legacy Wealth Managment LLC ID now owns 11,917 shares of the company’s stock valued at $295,000 after acquiring an additional 11,546 shares in the last quarter. Finally, WealthCare Asset Management LLC purchased a new position in Simplify Target 15 Distribution ETF in the 1st quarter worth approximately $248,000.
Simplify Target 15 Distribution ETF Stock Performance
Shares of Simplify Target 15 Distribution ETF stock traded down $0.05 during midday trading on Monday, hitting $24.15. The company had a trading volume of 47,854 shares, compared to its average volume of 40,374. Simplify Target 15 Distribution ETF has a 52-week low of $23.40 and a 52-week high of $27.47. The company has a 50 day moving average of $24.67 and a 200 day moving average of $24.54.
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.
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