Simplify Aggregate Bond ETF (NYSEARCA:AGGH) Sees Significant Growth in Short Interest
by Teresa Graham · The Cerbat GemSimplify Aggregate Bond ETF (NYSEARCA:AGGH – Get Free Report) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totaling 171,286 shares, a growth of 191.5% from the April 30th total of 58,760 shares. Based on an average daily volume of 204,398 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.7% of the shares of the stock are sold short.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of AGGH. Beacon Capital Management LLC bought a new position in Simplify Aggregate Bond ETF during the 3rd quarter valued at approximately $6,507,000. AE Wealth Management LLC raised its position in shares of Simplify Aggregate Bond ETF by 144.3% in the 3rd quarter. AE Wealth Management LLC now owns 488,644 shares of the company’s stock worth $10,120,000 after acquiring an additional 288,615 shares in the last quarter. WealthPlan Investment Management LLC bought a new position in shares of Simplify Aggregate Bond ETF in the 4th quarter worth approximately $5,349,000. Simplify Asset Management Inc. raised its position in shares of Simplify Aggregate Bond ETF by 13.4% in the 1st quarter. Simplify Asset Management Inc. now owns 2,109,127 shares of the company’s stock worth $42,921,000 after acquiring an additional 250,000 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new position in shares of Simplify Aggregate Bond ETF in the 4th quarter worth approximately $3,672,000.
Simplify Aggregate Bond ETF Trading Down 0.0%
Shares of NYSEARCA AGGH traded down $0.01 during midday trading on Friday, reaching $20.26. The company had a trading volume of 88,666 shares, compared to its average volume of 200,879. Simplify Aggregate Bond ETF has a one year low of $19.80 and a one year high of $21.02. The firm’s fifty day moving average price is $20.35 and its 200-day moving average price is $20.63.
About Simplify Aggregate Bond ETF
The Simplify Aggregate Bond PLUS Credit Hedge ETF (AGGH) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is a fund-of-funds that seeks total return by providing exposure to US investment-grade bonds combined with several credit hedging strategies. The fund is actively managed. AGGH was launched on Feb 14, 2022 and is managed by Simplify.