Simplify Enhanced Income ETF (NYSEARCA:HIGH) Short Interest Down 29.1% in March

Simplify Enhanced Income ETF (NYSEARCA:HIGH) was the recipient of a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 9,293 shares, a decrease of 29.1% from the February 26th total of 13,103 shares. Based on an average daily volume of 32,564 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On Simplify Enhanced Income ETF

Large investors have recently added to or reduced their stakes in the company. Transce3nd LLC lifted its position in shares of Simplify Enhanced Income ETF by 6.4% in the 2nd quarter. Transce3nd LLC now owns 7,290 shares of the company’s stock worth $177,000 after acquiring an additional 440 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Simplify Enhanced Income ETF in the second quarter valued at $47,000. Osaic Holdings Inc. lifted its position in Simplify Enhanced Income ETF by 4.5% in the second quarter. Osaic Holdings Inc. now owns 157,821 shares of the company’s stock worth $3,824,000 after purchasing an additional 6,744 shares during the period. Redhawk Wealth Advisors Inc. boosted its stake in Simplify Enhanced Income ETF by 55.6% during the third quarter. Redhawk Wealth Advisors Inc. now owns 31,883 shares of the company’s stock worth $736,000 after buying an additional 11,390 shares in the last quarter. Finally, Encompass More Asset Management boosted its stake in Simplify Enhanced Income ETF by 30.7% during the third quarter. Encompass More Asset Management now owns 88,427 shares of the company’s stock worth $2,042,000 after buying an additional 20,748 shares in the last quarter.

Simplify Enhanced Income ETF Stock Performance

NYSEARCA HIGH traded up $0.01 during midday trading on Friday, hitting $21.34. The company had a trading volume of 44,917 shares, compared to its average volume of 81,268. The firm has a fifty day simple moving average of $21.78 and a two-hundred day simple moving average of $22.48. Simplify Enhanced Income ETF has a fifty-two week low of $20.98 and a fifty-two week high of $25.15.

Simplify Enhanced Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors 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 yield of 6.2%.

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.