Simplify Target 15 Distribution ETF (NYSEARCA:XV) Short Interest Update
by Renee Jackson · The Cerbat GemSimplify Target 15 Distribution ETF (NYSEARCA:XV – Get Free Report) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 7,617 shares, a growth of 191.6% from the April 15th total of 2,612 shares. Based on an average trading volume of 19,319 shares, the short-interest ratio is presently 0.4 days. Currently, 0.3% of the company’s shares are sold short.
Hedge Funds Weigh In On Simplify Target 15 Distribution ETF
Institutional investors and hedge funds have recently made changes to their positions in the company. CreativeOne Wealth LLC grew its holdings in shares of Simplify Target 15 Distribution ETF by 26.3% in the 3rd quarter. CreativeOne Wealth LLC now owns 155,557 shares of the company’s stock valued at $4,139,000 after buying an additional 32,405 shares during the period. Islay Capital Management LLC acquired a new position in shares of Simplify Target 15 Distribution ETF in the 3rd quarter valued at $74,000. Principal Securities Inc. grew its holdings in shares of Simplify Target 15 Distribution ETF by 746.4% in the 4th quarter. Principal Securities Inc. now owns 79,106 shares of the company’s stock valued at $2,007,000 after buying an additional 69,760 shares during the period. OLD Mission Capital LLC grew its holdings in shares of Simplify Target 15 Distribution ETF by 5.2% in the 4th quarter. OLD Mission Capital LLC now owns 46,948 shares of the company’s stock valued at $1,191,000 after buying an additional 2,331 shares during the period. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Simplify Target 15 Distribution ETF in the 3rd quarter valued at $235,000.
Simplify Target 15 Distribution ETF Price Performance
XV traded down $0.23 during trading on Friday, reaching $24.48. 46,732 shares of the company’s stock were exchanged, compared to its average volume of 35,799. The company’s fifty day moving average price is $24.32 and its 200-day moving average price is $25.33. Simplify Target 15 Distribution ETF has a fifty-two week low of $23.40 and a fifty-two week high of $27.47.
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.