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

Simplify Enhanced Income ETF (NYSEARCA:HIGH) was the target of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 44,280 shares, an increase of 106.1% from the January 15th total of 21,489 shares. Based on an average trading volume of 60,770 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.7% of the company’s stock are sold short. Currently, 0.7% of the company’s stock are sold short. Based on an average trading volume of 60,770 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Sound Income Strategies LLC raised its position 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 purchasing an additional 651 shares during the period. Raymond James Financial Inc. purchased a new position in Simplify Enhanced Income ETF in the 2nd quarter worth about $47,000. NBC Securities Inc. acquired a new stake in Simplify Enhanced Income ETF during the 4th quarter worth about $61,000. Whipplewood Advisors LLC raised 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 worth $158,000 after buying an additional 1,574 shares during the period. Finally, Transce3nd LLC lifted its stake in Simplify Enhanced Income ETF by 6.4% during the second quarter. Transce3nd LLC now owns 7,290 shares of the company’s stock valued at $177,000 after buying an additional 440 shares in the last quarter.

Simplify Enhanced Income ETF Price Performance

Shares of HIGH opened at $21.87 on Friday. Simplify Enhanced Income ETF has a one year low of $20.98 and a one year high of $25.15. The stock has a 50-day moving average price of $22.29 and a 200 day moving average price of $22.83.

Simplify Enhanced Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 30th. Investors of record on Tuesday, January 27th were issued a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date was Tuesday, January 27th.

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.