Simplify Enhanced Income ETF (NYSEARCA:HIGH) Short Interest Update

Simplify Enhanced Income ETF (NYSEARCA:HIGH) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 6,895 shares, a decrease of 80.8% from the July 15th total of 35,856 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 11,904 shares, the days-to-cover ratio is presently 0.6 days.

Simplify Enhanced Income ETF Price Performance

HIGH stock opened at $21.90 on Wednesday. The stock has a 50-day moving average price of $21.61 and a 200-day moving average price of $21.63. Simplify Enhanced Income ETF has a 1-year low of $21.12 and a 1-year high of $23.88.

Institutional Investors Weigh In On Simplify Enhanced Income ETF

Hedge funds have recently added to or reduced their stakes in the business. Sound Income Strategies LLC boosted its holdings in shares of Simplify Enhanced Income ETF by 137.3% during the 4th quarter. Sound Income Strategies LLC now owns 1,125 shares of the company’s stock worth $25,000 after buying an additional 651 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Simplify Enhanced Income ETF during the 2nd quarter worth approximately $47,000. NBC Securities Inc. bought a new stake in shares of Simplify Enhanced Income ETF in the 4th quarter valued at $61,000. Lloyd Advisory Services LLC. bought a new stake in shares of Simplify Enhanced Income ETF in the 4th quarter valued at $233,000. Finally, Royal Bank of Canada lifted its position in shares of Simplify Enhanced Income ETF by 18.5% during the 4th quarter. Royal Bank of Canada now owns 12,227 shares of the company’s stock valued at $273,000 after acquiring an additional 1,908 shares during the period.

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.