Simplify Enhanced Income ETF (NYSEARCA:HIGH) Sees Large Growth in Short Interest

Simplify Enhanced Income ETF (NYSEARCA:HIGH) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 51,200 shares, agrowthof369.7% from the July 15th total of 10,900 shares. Approximately0.6% of the shares of the company are sold short. Based on an average daily volume of 63,800 shares, the short-interest ratio is currently 0.8 days. Based on an average daily volume of 63,800 shares, the short-interest ratio is currently 0.8 days. Approximately0.6% of the shares of the company are sold short.

Institutional Trading of Simplify Enhanced Income ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Park Square Financial Group LLC purchased a new position in shares of Simplify Enhanced Income ETF in the first quarter valued at about $38,000. Raymond James Financial Inc. purchased a new position in Simplify Enhanced Income ETF in the 2nd quarter worth approximately $47,000. Larson Financial Group LLC bought a new position in Simplify Enhanced Income ETF in the 1st quarter worth approximately $49,000. Transce3nd LLC purchased a new stake in Simplify Enhanced Income ETF during the 1st quarter valued at approximately $150,000. Finally, Whipplewood Advisors LLC grew its holdings in Simplify Enhanced Income ETF by 31.7% during the 2nd quarter. Whipplewood Advisors LLC now owns 6,535 shares of the company’s stock valued at $158,000 after buying an additional 1,574 shares in the last quarter.

Simplify Enhanced Income ETF Stock Down 0.3%

Shares of Simplify Enhanced Income ETF stock opened at $23.39 on Friday. The stock’s fifty day moving average is $23.71 and its 200 day moving average is $23.37. Simplify Enhanced Income ETF has a one year low of $20.98 and a one year high of $25.15.

Simplify Enhanced Income ETF Company Profile

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.