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

Simplify Enhanced Income ETF (NYSEARCA:HIGH) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 40,092 shares, a growth of 439.7% from the June 15th total of 7,428 shares. Based on an average trading volume of 21,102 shares, the days-to-cover ratio is presently 1.9 days. Currently, 1.2% of the company’s shares are sold short.

Simplify Enhanced Income ETF Price Performance

Shares of HIGH stock traded down $0.06 on Monday, hitting $21.59. The stock had a trading volume of 23,659 shares, compared to its average volume of 51,970. The company has a fifty day moving average price of $21.62 and a two-hundred day moving average price of $21.76. Simplify Enhanced Income ETF has a twelve month low of $21.16 and a twelve month high of $24.10.

Institutional Inflows and Outflows

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

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.