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

Simplify Target 15 Distribution ETF (NYSEARCA:XV) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 23,100 shares, an increase of 58.2% from the September 30th total of 14,600 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average trading volume of 22,900 shares, the short-interest ratio is presently 1.0 days. Based on an average trading volume of 22,900 shares, the short-interest ratio is presently 1.0 days. Approximately 0.9% of the shares of the company are sold short.

Simplify Target 15 Distribution ETF Stock Performance

Shares of XV opened at $26.73 on Tuesday. The company’s 50 day simple moving average is $26.78 and its 200-day simple moving average is $26.49. Simplify Target 15 Distribution ETF has a 12-month low of $24.31 and a 12-month high of $27.43.

Hedge Funds Weigh In On Simplify Target 15 Distribution ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. CreativeOne Wealth LLC purchased a new position in Simplify Target 15 Distribution ETF in the 2nd quarter valued at $3,280,000. Mid American Wealth Advisory Group Inc. purchased a new position in Simplify Target 15 Distribution ETF in the 3rd quarter valued at $415,000. Brookwood Investment Group LLC purchased a new position in Simplify Target 15 Distribution ETF in the 3rd quarter valued at $859,000. Evolution Wealth Management Inc. purchased a new position in Simplify Target 15 Distribution ETF in the 3rd quarter valued at $39,000. Finally, Osaic Holdings Inc. purchased a new position in Simplify Target 15 Distribution ETF in the 2nd quarter valued at $25,000.

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.