Simplify Enhanced Income ETF (NYSEARCA:HIGH) Short Interest Down 29.1% in March

Simplify Enhanced Income ETF (NYSEARCA:HIGH) was the recipient of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 9,293 shares, a drop of 29.1% from the February 26th total of 13,103 shares. Based on an average daily volume of 32,564 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Simplify Enhanced Income ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Sound Income Strategies LLC lifted its holdings in 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 worth $25,000 after acquiring an additional 651 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Simplify Enhanced Income ETF during the 2nd quarter worth approximately $47,000. NBC Securities Inc. bought a new stake in shares of Simplify Enhanced Income ETF in the 4th quarter worth approximately $61,000. Transce3nd LLC lifted its holdings in shares of Simplify Enhanced Income ETF by 6.4% in the 2nd quarter. Transce3nd LLC now owns 7,290 shares of the company’s stock worth $177,000 after purchasing an additional 440 shares during the last quarter. Finally, Foundations Investment Advisors LLC acquired a new position in Simplify Enhanced Income ETF during the 3rd quarter valued at approximately $207,000.

Simplify Enhanced Income ETF Stock Performance

Simplify Enhanced Income ETF stock traded up $0.01 during mid-day trading on Friday, reaching $21.34. The company’s stock had a trading volume of 44,917 shares, compared to its average volume of 81,268. Simplify Enhanced Income ETF has a twelve month low of $20.98 and a twelve month high of $25.15. The business has a 50 day moving average price of $21.78 and a 200-day moving average price of $22.47.

Simplify Enhanced Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 24th were issued a $0.11 dividend. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a c) annualized dividend and a dividend yield of 6.2%.

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.