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

Simplify Target 15 Distribution ETF (NYSEARCA:XV) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 10,781 shares, an increase of 368.3% from the December 15th total of 2,302 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily volume of 30,362 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 30,362 shares, the short-interest ratio is presently 0.4 days. Approximately 0.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

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

Simplify Target 15 Distribution ETF Trading Up 0.1%

Simplify Target 15 Distribution ETF stock traded up $0.02 during mid-day trading on Tuesday, hitting $25.69. 14,665 shares of the company traded hands, compared to its average volume of 17,480. Simplify Target 15 Distribution ETF has a one year low of $24.31 and a one year high of $27.47. The stock has a fifty day moving average price of $26.22 and a 200-day moving average price of $26.55.

Simplify Target 15 Distribution ETF Company Profile

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. This approach aims to generate higher income levels compared to traditional fixed-income products, with defined downside risk through barrier levels. The fund offers a unique source of monthly income differentiated from traditional fixed income or volatility selling strategies.