Simplify Target 15 Distribution ETF (NYSEARCA:XV) Sees Significant Decline in Short Interest

Simplify Target 15 Distribution ETF (NYSEARCA:XV) saw a large drop in short interest in January. As of January 30th, there was short interest totaling 23,417 shares, a drop of 18.0% from the January 15th total of 28,556 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average daily volume of 76,515 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 76,515 shares, the short-interest ratio is currently 0.3 days. Currently, 0.9% of the shares of the company are sold short.

Simplify Target 15 Distribution ETF Trading Up 0.1%

Shares of NYSEARCA XV traded up $0.03 during midday trading on Monday, reaching $25.08. The company had a trading volume of 28,755 shares, compared to its average volume of 45,485. Simplify Target 15 Distribution ETF has a 1 year low of $24.31 and a 1 year high of $27.47. The business’s 50-day simple moving average is $25.71 and its 200 day simple moving average is $26.33.

Institutional Trading of Simplify Target 15 Distribution ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XV. Osaic Holdings Inc. purchased a new stake in Simplify Target 15 Distribution ETF during the 2nd quarter valued at about $25,000. Evolution Wealth Management Inc. purchased a new position in shares of Simplify Target 15 Distribution ETF in the third quarter worth about $39,000. NBC Securities Inc. acquired a new stake in shares of Simplify Target 15 Distribution ETF during the fourth quarter worth about $51,000. Islay Capital Management LLC acquired a new stake in shares of Simplify Target 15 Distribution ETF during the third quarter worth about $74,000. Finally, Envestnet Asset Management Inc. purchased a new stake in Simplify Target 15 Distribution ETF in the third quarter valued at approximately $235,000.

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.