Simplify Enhanced Income ETF (NYSEARCA:HIGH) Short Interest Update

Simplify Enhanced Income ETF (NYSEARCA:HIGH) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 21,489 shares, a decrease of 50.5% from the December 31st total of 43,378 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 52,023 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 52,023 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.3% of the shares of the stock are sold short.

Simplify Enhanced Income ETF Stock Down 0.3%

Shares of HIGH stock opened at $22.13 on Thursday. The business has a 50-day moving average price of $22.47 and a two-hundred day moving average price of $22.97. Simplify Enhanced Income ETF has a 12-month low of $20.98 and a 12-month high of $25.15.

Simplify Enhanced Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Tuesday, January 27th will be given a $0.12 dividend. The ex-dividend date is Tuesday, January 27th. This represents a c) dividend on an annualized basis and a yield of 6.5%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of HIGH. 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 acquiring an additional 440 shares during the last quarter. IFP Advisors Inc raised its position in Simplify Enhanced Income ETF by 5.5% in the 2nd quarter. IFP Advisors Inc now owns 11,607 shares of the company’s stock worth $281,000 after purchasing an additional 609 shares during the period. Decker Retirement Planning Inc. raised its position in Simplify Enhanced Income ETF by 2.4% in the 3rd quarter. Decker Retirement Planning Inc. now owns 27,479 shares of the company’s stock worth $634,000 after purchasing an additional 644 shares during the period. Sound Income Strategies LLC lifted its stake 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 purchasing an additional 651 shares during the last quarter. Finally, WealthPLAN Partners LLC lifted its stake in Simplify Enhanced Income ETF by 0.6% in the third quarter. WealthPLAN Partners LLC now owns 107,873 shares of the company’s stock worth $2,491,000 after purchasing an additional 667 shares during the last quarter.

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.