Simplify Enhanced Income ETF (NYSEARCA:HIGH) Short Interest Down 22.2% in March

Simplify Enhanced Income ETF (NYSEARCA:HIGH) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 7,229 shares, a drop of 22.2% from the March 15th total of 9,293 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 31,491 shares, the days-to-cover ratio is presently 0.2 days.

Simplify Enhanced Income ETF Stock Down 0.0%

NYSEARCA HIGH opened at $21.51 on Wednesday. The stock’s 50-day moving average is $21.60 and its 200-day moving average is $22.32. Simplify Enhanced Income ETF has a one year low of $21.16 and a one year high of $25.15.

Simplify Enhanced Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 24th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Decker Retirement Planning Inc. grew its holdings in shares of Simplify Enhanced Income ETF by 2.4% during the third quarter. Decker Retirement Planning Inc. now owns 27,479 shares of the company’s stock worth $634,000 after buying an additional 644 shares in the last quarter. Sound Income Strategies LLC grew its holdings in shares of Simplify Enhanced Income ETF by 137.3% during the fourth quarter. Sound Income Strategies LLC now owns 1,125 shares of the company’s stock worth $25,000 after buying an additional 651 shares in the last quarter. WealthPLAN Partners LLC grew its holdings in shares of Simplify Enhanced Income ETF by 0.6% during the third quarter. WealthPLAN Partners LLC now owns 107,873 shares of the company’s stock worth $2,491,000 after buying an additional 667 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Simplify Enhanced Income ETF by 18.5% during the fourth quarter. Royal Bank of Canada now owns 12,227 shares of the company’s stock worth $273,000 after buying an additional 1,908 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Simplify Enhanced Income ETF during the second quarter worth about $47,000.

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.