Simplify Barrier Income ETF (NYSEARCA:SBAR) Sees Significant Increase in Short Interest

Simplify Barrier Income ETF (NYSEARCA:SBAR) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 104,727 shares, an increase of 77.1% from the May 31st total of 59,129 shares. Based on an average trading volume of 122,503 shares, the short-interest ratio is presently 0.9 days. Approximately 0.9% of the shares of the company are sold short.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Sound Income Strategies LLC lifted its stake in Simplify Barrier Income ETF by 357.9% in the fourth quarter. Sound Income Strategies LLC now owns 957 shares of the company’s stock valued at $25,000 after buying an additional 748 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of Simplify Barrier Income ETF by 141.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,450 shares of the company’s stock valued at $38,000 after acquiring an additional 850 shares during the period. Islay Capital Management LLC purchased a new position in shares of Simplify Barrier Income ETF during the third quarter worth approximately $74,000. Royal Bank of Canada purchased a new position in shares of Simplify Barrier Income ETF during the fourth quarter worth approximately $105,000. Finally, NBC Securities Inc. grew its position in shares of Simplify Barrier Income ETF by 830.5% during the fourth quarter. NBC Securities Inc. now owns 4,699 shares of the company’s stock worth $123,000 after acquiring an additional 4,194 shares during the last quarter.

Simplify Barrier Income ETF Stock Down 0.2%

Shares of SBAR stock opened at $25.56 on Thursday. The stock’s 50-day moving average is $25.51 and its two-hundred day moving average is $25.64. Simplify Barrier Income ETF has a 1 year low of $24.26 and a 1 year high of $26.95.

About Simplify Barrier Income ETF

Simplify Exchange Traded Funds – Simplify Barrier Income ETF is an exchange traded fund launched and managed by Simplify Asset Management Inc The fund invests in public equity and fixed income markets of global region. For its equity portion, it invests directly, through derivatives and through other funds in stocks of companies operating across consumer discretionary, communication services, consumer staples, energy, health care, industrials, information technology, materials, real estate and utilities sectors.