Simplify Enhanced Income ETF (NYSEARCA:HIGH) Shares Shorted: Short Interest Up 110.8% in October

Simplify Enhanced Income ETF (NYSEARCA:HIGH) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 6,316 shares, a growth of 110.8% from the September 30th total of 2,996 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 14,492 shares, the days-to-cover ratio is presently 0.4 days.

Simplify Enhanced Income ETF Stock Down 0.6%

NYSEARCA:HIGH traded down $0.12 during trading hours on Friday, reaching $20.83. 30,201 shares of the company’s stock were exchanged, compared to its average volume of 37,885. Simplify Enhanced Income ETF has a 1-year low of $20.72 and a 1-year high of $23.39. The company has a 50-day moving average of $21.27 and a 200 day moving average of $21.57.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Legacy Wealth Managment LLC ID raised its holdings in shares of Simplify Enhanced Income ETF by 46.0% during the 2nd quarter. Legacy Wealth Managment LLC ID now owns 61,667 shares of the company’s stock valued at $1,334,000 after buying an additional 19,434 shares during the period. Mosley Wealth Management increased its holdings in Simplify Enhanced Income ETF by 28.3% during the 3rd quarter. Mosley Wealth Management now owns 19,996 shares of the company’s stock worth $420,000 after purchasing an additional 4,416 shares during the last quarter. WealthPLAN Partners LLC purchased a new position in shares of Simplify Enhanced Income ETF during the 3rd quarter valued at approximately $288,000. Mather Group LLC. bought a new stake in shares of Simplify Enhanced Income ETF in the third quarter worth $249,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Simplify Enhanced Income ETF in the 2nd quarter valued at about $219,000.

About Simplify Enhanced Income ETF

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.