Short Interest in Simplify Enhanced Income ETF (NYSEARCA:HIGH) Expands By 109.1%

Simplify Enhanced Income ETF (NYSEARCA:HIGH) was the target of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 8,643 shares, an increase of 109.1% from the May 14th total of 4,133 shares. Based on an average daily volume of 38,505 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the company’s shares are sold short.

Simplify Enhanced Income ETF Stock Up 0.1%

Simplify Enhanced Income ETF stock traded up $0.03 during mid-day trading on Friday, hitting $21.67. The company’s stock had a trading volume of 18,010 shares, compared to its average volume of 57,063. The firm’s 50 day moving average is $21.56 and its 200 day moving average is $21.90. Simplify Enhanced Income ETF has a 52-week low of $21.16 and a 52-week high of $24.97.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of HIGH. Key Capital Management INC acquired a new position in Simplify Enhanced Income ETF in the 4th quarter worth about $2,223,000. Altiora Financial Group LLC bought a new stake in Simplify Enhanced Income ETF during the 4th quarter valued at approximately $1,981,000. Howard Bailey Securities LLC bought a new stake in Simplify Enhanced Income ETF during the 4th quarter valued at approximately $1,792,000. Principal Securities Inc. lifted its position in shares of Simplify Enhanced Income ETF by 15.2% in the 4th quarter. Principal Securities Inc. now owns 599,795 shares of the company’s stock worth $13,381,000 after acquiring an additional 78,956 shares during the period. Finally, Elevated Capital Advisors LLC lifted its position in shares of Simplify Enhanced Income ETF by 20.8% in the 4th quarter. Elevated Capital Advisors LLC now owns 420,805 shares of the company’s stock worth $9,388,000 after acquiring an additional 72,510 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.