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

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HIGH. Sound Income Strategies LLC grew 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 buying an additional 651 shares during the period. Raymond James Financial Inc. acquired a new position in Simplify Enhanced Income ETF in the second quarter valued at approximately $47,000. NBC Securities Inc. purchased a new position in Simplify Enhanced Income ETF in the fourth quarter worth approximately $61,000. Transce3nd LLC increased its stake in Simplify Enhanced Income ETF by 6.4% during the second quarter. Transce3nd LLC now owns 7,290 shares of the company’s stock worth $177,000 after acquiring an additional 440 shares during the last quarter. Finally, Foundations Investment Advisors LLC purchased a new stake in Simplify Enhanced Income ETF in the third quarter valued at $207,000.

Simplify Enhanced Income ETF Trading Down 0.0%

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

Simplify Enhanced Income ETF Cuts Dividend

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

About Simplify Enhanced Income ETF

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.