Simplify Enhanced Income ETFHIGH
HIGH
0
Funds holding %
of 7,425 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
33% more funds holding in top 10
Funds holding in top 10: 3 [Q3] → 4 (+1) [Q4]
33% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 15
12.39% more ownership
Funds ownership: 47.0% [Q3] → 59.39% (+12.39%) [Q4]
5% more funds holding
Funds holding: 84 [Q3] → 88 (+4) [Q4]
6% less repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 33
12% less capital invested
Capital invested by funds: $200M [Q3] → $176M (-$23.6M) [Q4]
Research analyst outlook
We haven’t received any recent analyst ratings for HIGH.
Financial journalist opinion
Negative
Seeking Alpha
4 weeks ago
HIGH: Elevated By Nomenclature Only, Returns Are Low (Rating Downgrade)
The Simplify Enhanced Income ETF employs a complex options trading strategy, akin to a hedge fund, which has resulted in significant underperformance compared to stable cash alternatives like BIL. HIGH's reliance on trading decisions involving assets like gold and MicroStrategy, which is tied to Bitcoin, exposes investors to high volatility and speculative risks, without delivering commensurate returns. The ETF's performance is heavily reliant on the active trading decisions of its portfolio managers. This introduces a level of risk tied to the success of those trading decisions.
Positive
Seeking Alpha
4 months ago
HIGH: When Options Spreads Do Not Work
The Simplify Enhanced Income ETF uses options spreads to generate higher yields, but recent active trading strategies have led to significant losses. Retail investors must distinguish between fixed income spreads and 'yield enhancement' strategies, which involve profit and loss from active trading. HIGH's strategy suffered in July/August due to the market pricing of rate cuts and HIGH's positioning, nearly wiping out its gains for the year.
Neutral
Business Wire
5 months ago
Simplify Provides Estimated Capital Gain Distribution Information for 2024
NEW YORK--(BUSINESS WIRE)--Simplify announced today that it expects to deliver capital gains distributions across six Simplify ETFs.
Positive
Seeking Alpha
5 months ago
HIGH: A Sophisticated Strategy, Limited Results
HIGH combines fixed income instruments with options trading to generate a 7.2% annualized distribution yield. The fund's strategy involves T-Bills and options on indexes like NASDAQ 100 and S&P 500, but limited allocation to options restricts profitability. HIGH has underperformed compared to major indexes and peer ETFs, delivering only 11% ROI since inception, despite consistent income distributions.
Positive
Seeking Alpha
7 months ago
HIGH: Unnecessary Risk From Unpredictable Option Spreads
Initially, the Simplify Enhanced Income ETF seemed promising, offering a 9% yield by leveraging short-term U.S. treasuries and option spreads. The fund's options spread strategy, however, is too unpredictable and has downside risk that was exposed by the unwinding of the Japanese Yen carry trade. These downside risks make HIGH less attractive, questioning its reliability and suitability for retail investors seeking stable income.
Positive
Seeking Alpha
8 months ago
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.
Positive
Seeking Alpha
9 months ago
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.
Positive
Seeking Alpha
9 months ago
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.
Negative
Seeking Alpha
11 months ago
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.
Positive
Seeking Alpha
1 year ago
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.
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