Simplify Target 15 Distribution ETF (NYSEARCA:XV) Short Interest Up 164.9% in January

Simplify Target 15 Distribution ETF (NYSEARCA:XV) saw a significant increase in short interest in January. As of January 15th, there was short interest totaling 28,556 shares, an increase of 164.9% from the December 31st total of 10,781 shares. Approximately 1.0% of the shares of the stock are short sold. Based on an average daily volume of 20,615 shares, the days-to-cover ratio is presently 1.4 days. Based on an average daily volume of 20,615 shares, the days-to-cover ratio is presently 1.4 days. Approximately 1.0% of the shares of the stock are short sold.

Institutional Trading of Simplify Target 15 Distribution ETF

Several institutional investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. acquired a new stake in shares of Simplify Target 15 Distribution ETF during the 2nd quarter worth approximately $25,000. Evolution Wealth Management Inc. bought a new position in Simplify Target 15 Distribution ETF during the 3rd quarter worth $39,000. NBC Securities Inc. acquired a new stake in Simplify Target 15 Distribution ETF in the fourth quarter worth $51,000. Islay Capital Management LLC acquired a new stake in Simplify Target 15 Distribution ETF in the third quarter worth $74,000. Finally, Envestnet Asset Management Inc. bought a new stake in Simplify Target 15 Distribution ETF in the third quarter valued at $235,000.

Simplify Target 15 Distribution ETF Stock Down 0.5%

Shares of XV stock traded down $0.13 during trading hours on Friday, hitting $25.22. The company’s stock had a trading volume of 43,614 shares, compared to its average volume of 48,526. Simplify Target 15 Distribution ETF has a twelve month low of $24.31 and a twelve month high of $27.47. The business has a fifty day moving average of $25.98 and a 200-day moving average of $26.44.

About Simplify Target 15 Distribution ETF

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.