Short Interest in Simplify Enhanced Income ETF (NYSEARCA:HIGH) Declines By 50.5%

Simplify Enhanced Income ETF (NYSEARCA:HIGH) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 21,489 shares, a decline of 50.5% from the December 31st total of 43,378 shares. Based on an average daily volume of 52,023 shares, the short-interest ratio is presently 0.4 days. Approximately 0.3% of the company’s shares are sold short. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 52,023 shares, the short-interest ratio is presently 0.4 days.

Simplify Enhanced Income ETF Stock Down 0.3%

HIGH opened at $22.13 on Thursday. Simplify Enhanced Income ETF has a one year low of $20.98 and a one year high of $25.15. The business has a 50 day simple moving average of $22.47 and a two-hundred day simple moving average of $22.97.

Simplify Enhanced Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Tuesday, January 27th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, January 27th. This represents a c) dividend on an annualized basis and a yield of 6.5%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Sound Income Strategies LLC raised its holdings in 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 worth $25,000 after purchasing an additional 651 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Simplify Enhanced Income ETF during the second quarter valued at about $47,000. Whipplewood Advisors LLC raised its stake in Simplify Enhanced Income ETF by 31.7% in the second quarter. Whipplewood Advisors LLC now owns 6,535 shares of the company’s stock worth $158,000 after buying an additional 1,574 shares in the last quarter. Transce3nd LLC lifted its holdings in Simplify Enhanced Income ETF by 6.4% in the second quarter. Transce3nd LLC now owns 7,290 shares of the company’s stock worth $177,000 after buying an additional 440 shares during the period. Finally, Foundations Investment Advisors LLC bought a new stake in Simplify Enhanced Income ETF during 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.