Simplify Enhanced Income ETF (NYSEARCA:HIGH) Short Interest Down 55.2% in February

Simplify Enhanced Income ETF (NYSEARCA:HIGH) saw a significant drop in short interest in February. As of February 13th, there was short interest totaling 19,850 shares, a drop of 55.2% from the January 29th total of 44,280 shares. Based on an average daily trading volume, of 193,515 shares, the short-interest ratio is presently 0.1 days. Currently, 0.3% of the company’s stock are short sold. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 193,515 shares, the short-interest ratio is presently 0.1 days.

Simplify Enhanced Income ETF Stock Performance

Shares of HIGH traded down $0.01 during trading hours on Friday, hitting $21.64. 39,803 shares of the company were exchanged, compared to its average volume of 107,415. The firm’s 50 day moving average is $22.15 and its 200-day moving average is $22.72. Simplify Enhanced Income ETF has a 52 week low of $20.98 and a 52 week high of $25.15.

Simplify Enhanced Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Tuesday, February 24th were issued a dividend of $0.11 per share. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date was Tuesday, February 24th.

Institutional Trading of Simplify Enhanced Income ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Sound Income Strategies LLC grew its stake in Simplify Enhanced Income ETF by 137.3% in the 4th 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 last quarter. Raymond James Financial Inc. bought a new stake in Simplify Enhanced Income ETF during the second quarter valued at about $47,000. NBC Securities Inc. bought a new stake in Simplify Enhanced Income ETF during the fourth quarter valued at about $61,000. Transce3nd LLC grew its position in shares of Simplify Enhanced Income ETF by 6.4% in the second quarter. Transce3nd LLC now owns 7,290 shares of the company’s stock valued at $177,000 after purchasing an additional 440 shares during the last quarter. Finally, Foundations Investment Advisors LLC bought a new position in shares of Simplify Enhanced Income ETF in the third quarter worth about $207,000.

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.