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 in the month of April. As of April 30th, there was short interest totaling 7,617 shares, a growth of 191.6% from the April 15th total of 2,612 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 19,319 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Simplify Target 15 Distribution ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Osaic Holdings Inc. purchased a new position in shares of Simplify Target 15 Distribution ETF in the 2nd quarter valued at about $25,000. NBC Securities Inc. purchased a new stake in Simplify Target 15 Distribution ETF during the fourth quarter worth approximately $51,000. Islay Capital Management LLC purchased a new stake in Simplify Target 15 Distribution ETF during the third quarter worth approximately $74,000. Envestnet Asset Management Inc. purchased a new stake in Simplify Target 15 Distribution ETF during the third quarter worth approximately $235,000. Finally, WealthCare Asset Management LLC purchased a new stake in Simplify Target 15 Distribution ETF during the first quarter worth approximately $248,000.

Simplify Target 15 Distribution ETF Trading Up 0.3%

Shares of XV opened at $24.71 on Friday. The stock has a 50-day simple moving average of $24.32 and a 200-day simple moving average of $25.33. Simplify Target 15 Distribution ETF has a 1 year low of $23.40 and a 1 year high of $27.47.

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.