Simplify Enhanced Income ETF (NYSEARCA:HIGH) Shares Up 1.2% – Time to Buy?

Simplify Enhanced Income ETF (NYSEARCA:HIGH) shot up 1.2% on Monday . The company traded as high as $21.63 and last traded at $21.60. Approximately 6,476 shares traded hands during trading, a decline of 86% from the average session volume of 47,783 shares. The stock had previously closed at $21.35.

Simplify Enhanced Income ETF Stock Down 1.4%

The stock has a 50 day moving average price of $21.59 and a 200 day moving average price of $21.65.

Institutional Trading of Simplify Enhanced Income ETF

A number of hedge funds have recently made changes to their positions in the company. Sound Income Strategies LLC increased its stake in shares of Simplify Enhanced Income ETF by 137.3% in the fourth quarter. Sound Income Strategies LLC now owns 1,125 shares of the company’s stock valued at $25,000 after buying an additional 651 shares during the period. Raymond James Financial Inc. acquired a new position in Simplify Enhanced Income ETF in the 2nd quarter valued at approximately $47,000. NBC Securities Inc. bought a new position in shares of Simplify Enhanced Income ETF during the fourth quarter valued at $61,000. Lloyd Advisory Services LLC. bought a new position in shares of Simplify Enhanced Income ETF during the fourth quarter valued at $233,000. Finally, Royal Bank of Canada lifted its holdings in shares of Simplify Enhanced Income ETF by 18.5% during the fourth quarter. Royal Bank of Canada now owns 12,227 shares of the company’s stock worth $273,000 after purchasing an additional 1,908 shares during the period.

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.