Simplify Target 15 Distribution ETF (NYSEARCA:XV) Sees Significant Increase in Short Interest

Simplify Target 15 Distribution ETF (NYSEARCA:XV) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 10,781 shares, an increase of 368.3% from the December 15th total of 2,302 shares. Based on an average trading volume of 30,362 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.4% of the company’s stock are sold short. Approximately 0.4% of the company’s stock are sold short. Based on an average trading volume of 30,362 shares, the days-to-cover ratio is currently 0.4 days.

Simplify Target 15 Distribution ETF Stock Down 0.2%

Shares of XV traded down $0.05 during midday trading on Wednesday, reaching $25.58. 28,993 shares of the stock were exchanged, compared to its average volume of 20,323. Simplify Target 15 Distribution ETF has a twelve month low of $24.31 and a twelve month high of $27.47. The business’s 50-day moving average price is $26.21 and its 200 day moving average price is $26.55.

Institutional Investors Weigh In On Simplify Target 15 Distribution ETF

Several hedge funds have recently modified their holdings of XV. Osaic Holdings Inc. acquired a new position in Simplify Target 15 Distribution ETF in the 2nd quarter valued at $25,000. Evolution Wealth Management Inc. purchased a new stake in shares of Simplify Target 15 Distribution ETF in the third quarter valued at about $39,000. Islay Capital Management LLC acquired a new position in shares of Simplify Target 15 Distribution ETF during the third quarter worth about $74,000. Envestnet Asset Management Inc. purchased a new position in Simplify Target 15 Distribution ETF during the third quarter worth about $235,000. Finally, Mid American Wealth Advisory Group Inc. purchased a new position in Simplify Target 15 Distribution ETF during the third quarter worth about $415,000.

About Simplify Target 15 Distribution ETF

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.