Simplify Enhanced Income ETF (NYSEARCA:HIGH) Short Interest Down 34.1% in December

Simplify Enhanced Income ETF (NYSEARCA:HIGH) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 24,447 shares, a decline of 34.1% from the November 30th total of 37,080 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 53,488 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 53,488 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.3% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HIGH. Beacon Capital Management LLC increased its stake in shares of Simplify Enhanced Income ETF by 15.0% during the 2nd quarter. Beacon Capital Management LLC now owns 543,354 shares of the company’s stock worth $13,165,000 after purchasing an additional 70,707 shares during the last quarter. B.O.S.S. Retirement Advisors LLC lifted its stake in Simplify Enhanced Income ETF by 164.6% in the 2nd quarter. B.O.S.S. Retirement Advisors LLC now owns 36,113 shares of the company’s stock worth $875,000 after purchasing an additional 22,465 shares in the last quarter. IFP Advisors Inc boosted its stake in Simplify Enhanced Income ETF by 5.5% during the second quarter. IFP Advisors Inc now owns 11,607 shares of the company’s stock valued at $281,000 after buying an additional 609 shares during the period. WealthPlan Investment Management LLC lifted its position in Simplify Enhanced Income ETF by 14.4% during the second quarter. WealthPlan Investment Management LLC now owns 556,049 shares of the company’s stock valued at $13,473,000 after purchasing an additional 69,807 shares during the last quarter. Finally, Whipplewood Advisors LLC lifted its holdings in shares of Simplify Enhanced Income ETF by 31.7% during the 2nd quarter. Whipplewood Advisors LLC now owns 6,535 shares of the company’s stock worth $158,000 after acquiring an additional 1,574 shares during the last quarter.

Simplify Enhanced Income ETF Stock Down 0.3%

Shares of HIGH traded down $0.07 during trading hours on Monday, reaching $22.45. 45,617 shares of the stock traded hands, compared to its average volume of 102,356. The stock has a fifty day simple moving average of $22.82 and a 200 day simple moving average of $23.23. Simplify Enhanced Income ETF has a 52 week low of $20.98 and a 52 week high of $25.15.

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.