Short Interest in Simplify Target 15 Distribution ETF (NYSEARCA:XV) Grows By 337.4%

Simplify Target 15 Distribution ETF (NYSEARCA:XV) saw a large increase in short interest in February. As of February 27th, there was short interest totaling 11,840 shares, an increase of 337.4% from the February 12th total of 2,707 shares. Based on an average daily trading volume, of 27,281 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.4% of the shares of the stock are sold short. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 27,281 shares, the days-to-cover ratio is currently 0.4 days.

Simplify Target 15 Distribution ETF Price Performance

NYSEARCA XV remained flat at $24.47 on Wednesday. 71,822 shares of the company traded hands, compared to its average volume of 47,919. The firm’s fifty day simple moving average is $25.23 and its 200 day simple moving average is $26.12. Simplify Target 15 Distribution ETF has a 1-year low of $24.14 and a 1-year high of $27.47.

Hedge Funds Weigh In On Simplify Target 15 Distribution ETF

Institutional investors have recently added to or reduced their stakes in the business. CreativeOne Wealth LLC bought a new position in shares of Simplify Target 15 Distribution ETF during the 2nd quarter worth about $3,280,000. Osaic Holdings Inc. purchased a new stake in shares of Simplify Target 15 Distribution ETF in the 2nd quarter valued at $25,000. Mid American Wealth Advisory Group Inc. purchased a new stake in Simplify Target 15 Distribution ETF in the 3rd quarter worth approximately $415,000. Brookwood Investment Group LLC bought a new stake in Simplify Target 15 Distribution ETF in the third quarter valued at $859,000. Finally, Evolution Wealth Management Inc. bought a new position in Simplify Target 15 Distribution ETF in the third quarter worth $39,000.

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.