Simplify Target 15 Distribution ETF (NYSEARCA:XV) Short Interest Down 18.0% in January

Simplify Target 15 Distribution ETF (NYSEARCA:XV) was the target of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 23,417 shares, a decrease of 18.0% from the January 15th total of 28,556 shares. Based on an average daily volume of 76,515 shares, the short-interest ratio is presently 0.3 days. Currently, 0.9% of the company’s shares are sold short. Currently, 0.9% of the company’s shares are sold short. Based on an average daily volume of 76,515 shares, the short-interest ratio is presently 0.3 days.

Simplify Target 15 Distribution ETF Stock Performance

Shares of NYSEARCA XV traded up $0.03 during trading hours on Monday, hitting $25.08. 28,755 shares of the company traded hands, compared to its average volume of 45,485. The company’s 50 day moving average price is $25.71 and its 200 day moving average price is $26.33. Simplify Target 15 Distribution ETF has a 12 month low of $24.31 and a 12 month high of $27.47.

Institutional Investors Weigh In On Simplify Target 15 Distribution ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Brookwood Investment Group LLC bought a new position in Simplify Target 15 Distribution ETF during the 3rd quarter valued at about $859,000. CreativeOne Wealth LLC purchased a new position in shares of Simplify Target 15 Distribution ETF during the second quarter valued at approximately $3,280,000. Mid American Wealth Advisory Group Inc. purchased a new position in shares of Simplify Target 15 Distribution ETF during the third quarter valued at approximately $415,000. Principal Securities Inc. grew its stake in shares of Simplify Target 15 Distribution ETF by 746.4% during the fourth quarter. Principal Securities Inc. now owns 79,106 shares of the company’s stock valued at $2,007,000 after buying an additional 69,760 shares during the last quarter. Finally, Millington Financial Advisors LLC purchased a new stake in shares of Simplify Target 15 Distribution ETF in the fourth quarter worth approximately $664,000.

About Simplify Target 15 Distribution ETF

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.