Simplify Enhanced Income ETF (NYSEARCA:HIGH) Short Interest Up 77.4% in December
by Doug Wharley · The Cerbat GemSimplify Enhanced Income ETF (NYSEARCA:HIGH – Get Free Report) saw a large increase in short interest in December. As of December 31st, there was short interest totaling 43,378 shares, an increase of 77.4% from the December 15th total of 24,447 shares. Based on an average daily trading volume, of 81,002 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.6% of the shares of the stock are sold short. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 81,002 shares, the days-to-cover ratio is currently 0.5 days.
Institutional Trading of Simplify Enhanced Income ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in HIGH. Raymond James Financial Inc. purchased a new position in Simplify Enhanced Income ETF in the 2nd quarter worth approximately $47,000. Whipplewood Advisors LLC raised its position in shares of Simplify Enhanced Income ETF by 31.7% during the second quarter. Whipplewood Advisors LLC now owns 6,535 shares of the company’s stock valued at $158,000 after buying an additional 1,574 shares during the last quarter. Transce3nd LLC lifted its holdings in shares of Simplify Enhanced Income ETF by 6.4% in the second quarter. Transce3nd LLC now owns 7,290 shares of the company’s stock worth $177,000 after buying an additional 440 shares in the last quarter. Foundations Investment Advisors LLC purchased a new position in shares of Simplify Enhanced Income ETF in the third quarter worth $207,000. Finally, IFP Advisors Inc boosted its position in shares of Simplify Enhanced Income ETF by 5.5% during the second quarter. IFP Advisors Inc now owns 11,607 shares of the company’s stock worth $281,000 after acquiring an additional 609 shares during the last quarter.
Simplify Enhanced Income ETF Trading Down 0.0%
Simplify Enhanced Income ETF stock traded down $0.01 during mid-day trading on Friday, hitting $22.26. The stock had a trading volume of 30,402 shares, compared to its average volume of 50,009. Simplify Enhanced Income ETF has a one year low of $20.98 and a one year high of $25.15. The firm’s 50 day moving average is $22.58 and its 200 day moving average is $23.09.
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.