Simplify Enhanced Income ETF (NYSEARCA:HIGH) Short Interest Up 439.7% in June

Simplify Enhanced Income ETF (NYSEARCA:HIGH) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 40,092 shares, an increase of 439.7% from the June 15th total of 7,428 shares. Based on an average daily volume of 21,102 shares, the short-interest ratio is presently 1.9 days. Currently, 1.2% of the shares of the company are sold short.

Hedge Funds Weigh In On Simplify Enhanced Income ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Key Capital Management INC acquired a new stake in Simplify Enhanced Income ETF during the fourth quarter worth $2,223,000. Altiora Financial Group LLC acquired a new stake in shares of Simplify Enhanced Income ETF in the fourth quarter valued at $1,981,000. Howard Bailey Securities LLC purchased a new position in shares of Simplify Enhanced Income ETF in the 4th quarter valued at about $1,792,000. Principal Securities Inc. raised its holdings 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 valued at $13,381,000 after purchasing an additional 78,956 shares in the last quarter. Finally, Elevated Capital Advisors LLC boosted its position in shares of Simplify Enhanced Income ETF by 20.8% during 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 in the last quarter.

Simplify Enhanced Income ETF Stock Performance

HIGH stock traded down $0.06 during mid-day trading on Monday, reaching $21.59. 23,659 shares of the company’s stock were exchanged, compared to its average volume of 51,970. Simplify Enhanced Income ETF has a 12-month low of $21.16 and a 12-month high of $24.10. The stock’s 50 day moving average is $21.62 and its 200 day moving average is $21.76.

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.