Simplify Enhanced Income ETF (NYSEARCA:HIGH) Sees Large Decline in Short Interest

Simplify Enhanced Income ETF (NYSEARCA:HIGH) was the recipient of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 21,489 shares, a decrease of 50.5% from the December 31st total of 43,378 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 52,023 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 52,023 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.3% of the shares of the company are sold short.

Simplify Enhanced Income ETF Price Performance

HIGH traded down $0.12 during trading on Friday, reaching $22.00. 221,641 shares of the company were exchanged, compared to its average volume of 56,352. Simplify Enhanced Income ETF has a 52 week low of $20.98 and a 52 week high of $25.15. The firm has a 50 day moving average of $22.45 and a 200 day moving average of $22.95.

Simplify Enhanced Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Tuesday, January 27th will be issued a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend is Tuesday, January 27th.

Institutional Trading of Simplify Enhanced Income ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Sound Income Strategies LLC boosted its stake in 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 valued at $25,000 after purchasing an additional 651 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Simplify Enhanced Income ETF in the second quarter valued at $47,000. NBC Securities Inc. bought a new position in Simplify Enhanced Income ETF during the fourth quarter valued at about $61,000. Whipplewood Advisors LLC boosted its stake in Simplify Enhanced Income ETF by 31.7% during the second quarter. Whipplewood Advisors LLC now owns 6,535 shares of the company’s stock valued at $158,000 after buying an additional 1,574 shares in the last quarter. Finally, Transce3nd LLC grew its holdings in Simplify Enhanced Income ETF by 6.4% during the second quarter. Transce3nd LLC now owns 7,290 shares of the company’s stock worth $177,000 after acquiring an additional 440 shares during the period.

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.