Simplify Target 15 Distribution ETF (NYSEARCA:XV) Sees Large Growth in Short Interest

Simplify Target 15 Distribution ETF (NYSEARCA:XV) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 10,781 shares, a growth of 368.3% from the December 15th total of 2,302 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily volume of 30,362 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 30,362 shares, the short-interest ratio is currently 0.4 days. Approximately 0.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. CreativeOne Wealth LLC increased its holdings in shares of Simplify Target 15 Distribution ETF by 26.3% in the third quarter. CreativeOne Wealth LLC now owns 155,557 shares of the company’s stock worth $4,139,000 after purchasing an additional 32,405 shares during the period. Brookwood Investment Group LLC purchased a new position in Simplify Target 15 Distribution ETF during the third quarter worth about $859,000. Mid American Wealth Advisory Group Inc. bought a new position in Simplify Target 15 Distribution ETF in the 3rd quarter worth about $415,000. Envestnet Asset Management Inc. bought a new position in Simplify Target 15 Distribution ETF in the 3rd quarter worth about $235,000. Finally, Islay Capital Management LLC purchased a new stake in shares of Simplify Target 15 Distribution ETF in the 3rd quarter valued at about $74,000.

Simplify Target 15 Distribution ETF Stock Up 0.1%

XV stock traded up $0.02 during mid-day trading on Tuesday, reaching $25.69. 14,665 shares of the company traded hands, compared to its average volume of 17,480. The company has a fifty day moving average price of $26.22 and a 200-day moving average price of $26.55. Simplify Target 15 Distribution ETF has a 52-week low of $24.31 and a 52-week high of $27.47.

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.