Simplify Enhanced Income ETF (NYSEARCA:HIGH) Trading 0.1% Higher – Time to Buy?

Simplify Enhanced Income ETF (NYSEARCA:HIGH) rose 0.1% during mid-day trading on Friday . The stock traded as high as $21.49 and last traded at $21.49. Approximately 47,328 shares were traded during trading, a decline of 45% from the average daily volume of 86,269 shares. The stock had previously closed at $21.47.

Simplify Enhanced Income ETF Trading Up 0.1%

The business has a fifty day moving average price of $21.87 and a 200 day moving average price of $22.55.

Simplify Enhanced Income ETF Cuts Dividend

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

Hedge Funds Weigh In On Simplify Enhanced Income ETF

Large investors have recently modified their holdings of the company. Sound Income Strategies LLC grew its holdings in shares of Simplify Enhanced Income ETF by 137.3% during the 4th 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 second quarter valued at approximately $47,000. NBC Securities Inc. purchased a new position in Simplify Enhanced Income ETF in the fourth quarter valued at approximately $61,000. Transce3nd LLC lifted its position 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. Finally, Foundations Investment Advisors LLC acquired a new position in Simplify Enhanced Income ETF during the third quarter valued at approximately $207,000.

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.