Simplify Target 15 Distribution ETF (NYSEARCA:XV) Short Interest Up 164.9% in January

Simplify Target 15 Distribution ETF (NYSEARCA:XV) saw a significant increase in short interest in January. As of January 15th, there was short interest totaling 28,556 shares, an increase of 164.9% from the December 31st total of 10,781 shares. Based on an average daily trading volume, of 20,615 shares, the days-to-cover ratio is presently 1.4 days. Approximately 1.0% of the shares of the stock are short sold. Approximately 1.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 20,615 shares, the days-to-cover ratio is presently 1.4 days.

Hedge Funds Weigh In On Simplify Target 15 Distribution ETF

A number of large investors have recently modified their holdings of the stock. Osaic Holdings Inc. acquired a new stake in shares of Simplify Target 15 Distribution ETF in the second quarter valued at approximately $25,000. Evolution Wealth Management Inc. bought a new position in Simplify Target 15 Distribution ETF in the 3rd quarter valued at $39,000. NBC Securities Inc. bought a new position in Simplify Target 15 Distribution ETF in the 4th quarter valued at $51,000. Islay Capital Management LLC acquired a new stake in shares of Simplify Target 15 Distribution ETF in the 3rd quarter valued at $74,000. Finally, Envestnet Asset Management Inc. bought a new stake in shares of Simplify Target 15 Distribution ETF during the third quarter worth $235,000.

Simplify Target 15 Distribution ETF Stock Down 0.3%

NYSEARCA XV traded down $0.07 on Thursday, hitting $25.35. 54,334 shares of the company were exchanged, compared to its average volume of 48,786. The firm has a 50 day moving average of $26.01 and a two-hundred day moving average of $26.46. Simplify Target 15 Distribution ETF has a 1-year low of $24.31 and a 1-year high of $27.47.

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.