Simplify Target 15 Distribution ETF (NYSEARCA:XV) Short Interest Update

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

Simplify Target 15 Distribution ETF Stock Performance

Shares of NYSEARCA:XV remained flat at $24.47 on Wednesday. The stock had a trading volume of 71,822 shares, compared to its average volume of 47,919. Simplify Target 15 Distribution ETF has a twelve month low of $24.14 and a twelve month high of $27.47. The business has a 50-day moving average of $25.23 and a 200 day moving average of $26.12.

Hedge Funds Weigh In On Simplify Target 15 Distribution ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XV. Osaic Holdings Inc. acquired a new stake in shares of Simplify Target 15 Distribution ETF during the second quarter valued at about $25,000. Evolution Wealth Management Inc. acquired a new stake in shares of Simplify Target 15 Distribution ETF in the 3rd quarter valued at about $39,000. NBC Securities Inc. acquired a new stake in Simplify Target 15 Distribution ETF in the fourth quarter valued at $51,000. Islay Capital Management LLC purchased a new stake in shares of Simplify Target 15 Distribution ETF in the third quarter valued at $74,000. Finally, Envestnet Asset Management Inc. purchased a new stake in Simplify Target 15 Distribution ETF in the 3rd quarter worth approximately $235,000.

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.