Short Interest in Simplify Target 15 Distribution ETF (NYSEARCA:XV) Grows By 164.9%

Simplify Target 15 Distribution ETF (NYSEARCA:XV) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 28,556 shares, an increase of 164.9% from the December 31st total of 10,781 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average daily trading volume, of 20,615 shares, the days-to-cover ratio is currently 1.4 days. Based on an average daily trading volume, of 20,615 shares, the days-to-cover ratio is currently 1.4 days. Currently, 1.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. CreativeOne Wealth LLC acquired a new position in shares of Simplify Target 15 Distribution ETF during the 2nd quarter worth about $3,280,000. Brookwood Investment Group LLC acquired a new position in shares of Simplify Target 15 Distribution ETF during the third quarter worth approximately $859,000. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Simplify Target 15 Distribution ETF during the third quarter worth approximately $415,000. Envestnet Asset Management Inc. bought a new stake in shares of Simplify Target 15 Distribution ETF in the third quarter valued at approximately $235,000. Finally, Islay Capital Management LLC acquired a new stake in shares of Simplify Target 15 Distribution ETF in the third quarter worth $74,000.

Simplify Target 15 Distribution ETF Trading Down 0.3%

NYSEARCA:XV traded down $0.07 during mid-day trading on Thursday, reaching $25.35. The stock had a trading volume of 54,334 shares, compared to its average volume of 48,786. The business’s 50 day moving average is $26.01 and its 200 day moving average is $26.46. Simplify Target 15 Distribution ETF has a fifty-two week low of $24.31 and a fifty-two 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.