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

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

Simplify Enhanced Income ETF Trading Up 1.0%

Shares of NYSEARCA:HIGH traded up $0.22 during trading on Monday, reaching $21.89. 8,450 shares of the stock traded hands, compared to its average volume of 56,627. The stock has a 50-day moving average of $21.56 and a two-hundred day moving average of $21.89. Simplify Enhanced Income ETF has a 52-week low of $21.16 and a 52-week high of $24.97.

Institutional Investors Weigh In On Simplify Enhanced Income ETF

A number of institutional investors have recently made changes to their positions in HIGH. Sound Income Strategies LLC grew its holdings in shares of Simplify Enhanced Income ETF by 137.3% during the fourth 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. purchased a new stake in shares of Simplify Enhanced Income ETF during the second quarter valued at approximately $47,000. NBC Securities Inc. purchased a new stake in shares of Simplify Enhanced Income ETF during the fourth quarter valued at approximately $61,000. Lloyd Advisory Services LLC. purchased a new stake in shares of Simplify Enhanced Income ETF during the fourth quarter valued at approximately $233,000. Finally, Royal Bank of Canada boosted its holdings in Simplify Enhanced Income ETF by 18.5% in the fourth quarter. Royal Bank of Canada now owns 12,227 shares of the company’s stock worth $273,000 after purchasing an additional 1,908 shares during the last quarter.

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.