Simplify Enhanced Income ETF
HIGH

$23.28

0.75%

Market Cap: $486M

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

67% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 9

42% more repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 24

8% more funds holding

Funds holding: 73 [Q1] → 79 (+6) [Q2]

1% less capital invested

Capital invested by funds: $221M [Q1] → $219M (-$2.27M) [Q2]

5.11% less ownership

Funds ownership: 55.51% [Q1] → 50.4% (-5.11%) [Q2]

17% less funds holding in top 10

Funds holding in top 10: 6 [Q1] → 5 (-1) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for HIGH.

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Financial journalist opinion

New Preferred Stock And Exchange Traded Debt IPOs, July 2024

New offerings from New York Mortgage Trust, Dime Community Bancshares, and Oxford Lane Capital Corp. with fixed coupon rates and credit ratings. DCOMG achieved a perfect CDx3 Compliance Score, while Morgan Stanley and Regions Financial Corporation also priced new preferred stock offerings. Investors can buy new shares at wholesale prices through the OTC exchange, track past preferred stock IPOs below par, and stay updated on the current marketplace offerings.

New Preferred Stock And Exchange Traded Debt IPOs, July 2024

HIGH: Recent Developments

HIGH is a somewhat unique income ETF. It invests in t-bills and option spreads, generating significant income and premiums. HIGH currently yields 9.3%, although returns have slightly trailed behind.

HIGH: Recent Developments

Checking In On HIGH, An Options Spreads Fund

HIGH is an ETF from Simplify Asset Management. It aims to generate monthly income through short-dated option spreads on various equities. The core holdings are Treasury Bills with an overlay of constantly changing options positions. HIGH has had respectable performance in 2024, outperforming Treasury bonds by 70 bps with a low-risk profile, suitable for cash parking instruments.

Checking In On HIGH, An Options Spreads Fund

HIGH: Underappreciated Operational Risk

The Simplify Enhanced Income ETF sells options to generate modest income for investors. A recent blowup at the Simplify Macro Strategy ETF highlights operational risk at the asset manager, as the fund was investing outside of its mandate. Investors may want to consider alternatives to the HIGH ETF due to heightened operational risk and mandate drift with Simplify products.

HIGH: Underappreciated Operational Risk

HIGH: Unique Income ETF Focusing On Option Spreads, 9.4% Distribution Yield

HIGH invests in t-bills and option spreads. The strategy aims to generate strong income at low risk and volatility. An overview of the fund follows.

HIGH: Unique Income ETF Focusing On Option Spreads, 9.4% Distribution Yield

Simplify Provides Estimated Capital Gain Distribution Information for 2023

NEW YORK--(BUSINESS WIRE)--Simplify announced today that it expects to deliver capital gains distributions across six Simplify ETFs.

Simplify Provides Estimated Capital Gain Distribution Information for 2023

I'm Parking My Cash In HIGH And SGOV, And They're Paying Handsomely

Conservative investors are benefiting from the current macro environment, with cash-like funds offering 5%+ yields. Cash investments have not been profitable in the past decade, but higher interest rates are making them more attractive now. I utilize two funds for my "dry powder" investments, with varying levels of risk and liquidity.

I'm Parking My Cash In HIGH And SGOV, And They're Paying Handsomely

HIGH: Enhanced Income From Option Spreads

The Simplify Enhanced Income ETF aims to generate high income from selling option spreads on equity and fixed income indices. However, the actual portfolio differs from how the fund is marketed. The HIGH ETF has performed well, returning 7.0% in the past year with low volatility, but investors should monitor its portfolio closely.

HIGH: Enhanced Income From Option Spreads

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