Simplify Target 15 Distribution ETF (NYSEARCA:XV) Stock Short Interest Climbs 191.8%

Simplify Target 15 Distribution ETF (NYSEARCA:XV) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 30,544 shares, an increase of 191.8% from the September 30th total of 10,468 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily volume of 41,517 shares, the short-interest ratio is presently 0.7 days.

Simplify Target 15 Distribution ETF Price Performance

Shares of XV opened at $23.62 on Friday. Simplify Target 15 Distribution ETF has a 1 year low of $23.40 and a 1 year high of $27.47. The company’s fifty day moving average is $24.34 and its two-hundred day moving average is $24.60.

Institutional Trading of Simplify Target 15 Distribution ETF

Institutional investors have recently bought and sold shares of the company. Simplify Asset Management Inc. grew its stake in Simplify Target 15 Distribution ETF by 84.1% in the 3rd quarter. Simplify Asset Management Inc. now owns 1,149,406 shares of the company’s stock valued at $27,701,000 after acquiring an additional 525,000 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Simplify Target 15 Distribution ETF by 48.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 263,327 shares of the company’s stock valued at $6,525,000 after acquiring an additional 85,719 shares during the last quarter. Mather Group LLC. purchased a new position in Simplify Target 15 Distribution ETF during the third quarter worth about $1,059,000. Outlook Wealth Advisors LLC purchased a new position in shares of Simplify Target 15 Distribution ETF during the 3rd quarter worth about $864,000. Finally, Brookstone Capital Management purchased a new stake in shares of Simplify Target 15 Distribution ETF during the 3rd quarter valued at $858,000.

Simplify Target 15 Distribution ETF Company Profile

The Simplify Target 15 Distribution ETF (XV) is an actively managed exchange-traded fund that seeks to provide a 15% annualized distribution rate, paid monthly. The fund employs a strategy of selling barrier put options based on the worst-performing of three reference indices: S&P 500, Nasdaq 100, and Russell 2000. This approach aims to generate higher income levels compared to traditional fixed-income products, with defined downside risk through barrier levels. The fund offers a unique source of monthly income differentiated from traditional fixed income or volatility selling strategies.