Simplify Enhanced Income ETF (NYSEARCA:HIGH) Sees Significant Decrease in Short Interest

Simplify Enhanced Income ETF (NYSEARCA:HIGH) saw a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 9,293 shares, a drop of 29.1% from the February 26th total of 13,103 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 32,564 shares, the short-interest ratio is presently 0.3 days.

Simplify Enhanced Income ETF Price Performance

Shares of Simplify Enhanced Income ETF stock traded up $0.01 during trading on Friday, hitting $21.34. 44,917 shares of the company’s stock traded hands, compared to its average volume of 81,268. The firm’s fifty day moving average price is $21.78 and its 200 day moving average price is $22.48. Simplify Enhanced Income ETF has a twelve month low of $20.98 and a twelve month high of $25.15.

Simplify Enhanced Income ETF Cuts Dividend

The business also recently disclosed 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) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend was Tuesday, February 24th.

Hedge Funds Weigh In On Simplify Enhanced Income ETF

Hedge funds have recently modified their holdings of the stock. Sound Income Strategies LLC lifted its position in shares of Simplify Enhanced Income ETF by 137.3% during the 4th quarter. Sound Income Strategies LLC now owns 1,125 shares of the company’s stock worth $25,000 after buying an additional 651 shares during the period. Raymond James Financial Inc. acquired a new position in Simplify Enhanced Income ETF during the second quarter worth $47,000. NBC Securities Inc. acquired a new position in Simplify Enhanced Income ETF during the fourth quarter worth $61,000. Transce3nd LLC lifted its holdings in shares of Simplify Enhanced Income ETF by 6.4% during the second quarter. Transce3nd LLC now owns 7,290 shares of the company’s stock valued at $177,000 after acquiring an additional 440 shares during the period. Finally, Foundations Investment Advisors LLC bought a new position in shares of Simplify Enhanced Income ETF during the third quarter valued at $207,000.

Simplify Enhanced Income ETF Company Profile

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.