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

Simplify Enhanced Income ETF (NYSEARCA:HIGH) was the recipient of a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 19,850 shares, a decline of 55.2% from the January 29th total of 44,280 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average trading volume of 193,515 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 193,515 shares, the short-interest ratio is currently 0.1 days. Approximately 0.3% of the shares of the company are sold short.

Simplify Enhanced Income ETF Stock Down 0.0%

Simplify Enhanced Income ETF stock traded down $0.01 during mid-day trading on Friday, reaching $21.65. 37,247 shares of the company were exchanged, compared to its average volume of 107,242. The firm’s 50-day simple moving average is $22.16 and its two-hundred day simple moving average is $22.74. Simplify Enhanced Income ETF has a twelve month low of $20.98 and a twelve month high of $25.15.

Simplify Enhanced Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 24th will be paid a $0.11 dividend. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Tuesday, February 24th.

Institutional Trading of Simplify Enhanced Income ETF

Several hedge funds and other institutional investors have recently made changes to their positions in HIGH. Sound Income Strategies LLC increased its stake in shares of Simplify Enhanced Income ETF by 137.3% during the fourth quarter. Sound Income Strategies LLC now owns 1,125 shares of the company’s stock worth $25,000 after acquiring an additional 651 shares during the period. Raymond James Financial Inc. purchased a new stake in Simplify Enhanced Income ETF in the 2nd quarter valued at approximately $47,000. NBC Securities Inc. acquired a new position in Simplify Enhanced Income ETF during the 4th quarter worth approximately $61,000. Transce3nd LLC raised its stake in shares of Simplify Enhanced Income ETF by 6.4% during the 2nd quarter. Transce3nd LLC now owns 7,290 shares of the company’s stock worth $177,000 after buying an additional 440 shares in the last quarter. Finally, Foundations Investment Advisors LLC acquired a new stake in shares of Simplify Enhanced Income ETF in the 3rd quarter valued at approximately $207,000.

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.