Simplify High Yield ETF (NYSEARCA:CDX) Sees Significant Decrease in Short Interest

by · The Cerbat Gem

Simplify High Yield ETF (NYSEARCA:CDX – Get Free Report) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 901 shares, a decrease of 87.9% from the August 15th total of 7,432 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 156,019 shares, the short-interest ratio is currently 0.0 days.

Simplify High Yield ETF Price Performance

Shares of CDX stock traded up $0.03 during trading on Friday, reaching $20.50. The company had a trading volume of 108,941 shares, compared to its average volume of 161,400. Simplify High Yield ETF has a one year low of $20.42 and a one year high of $23.05. The company has a market capitalization of $373.71 million, a PE ratio of 11.17 and a beta of 0.30. The firm’s 50 day simple moving average is $20.74 and its two-hundred day simple moving average is $21.18.

Institutional Trading of Simplify High Yield ETF

Hedge funds have recently added to or reduced their stakes in the business. Orion Porfolio Solutions LLC boosted its holdings in Simplify High Yield ETF by 1,306.2% in the 4th quarter. Orion Porfolio Solutions LLC now owns 318,520 shares of the company’s stock valued at $7,093,000 after purchasing an additional 295,869 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new stake in Simplify High Yield ETF during the fourth quarter valued at approximately $4,935,000. NewEdge Advisors LLC bought a new stake in Simplify High Yield ETF in the third quarter valued at $4,809,000. Osaic Holdings Inc. increased its position in shares of Simplify High Yield ETF by 230.1% during the 4th quarter. Osaic Holdings Inc. now owns 279,015 shares of the company’s stock worth $6,214,000 after purchasing an additional 194,490 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in Simplify High Yield ETF by 421.0% during the fourth quarter. Jane Street Group LLC now owns 204,107 shares of the company’s stock worth $4,545,000 after buying an additional 164,930 shares during the last quarter.

Simplify High Yield ETF Company Profile

(Get Free Report)

The Simplify High Yield PLUS Credit Hedge ETF (CDX) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is a fund-of-funds that invests in US high-yield bond ETFs with different maturities. It also provides a credit hedge overlay, which may contain S&P 500 Index (SPX) puts. CDX was launched on Feb 14, 2022 and is managed by Simplify.

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