Short Interest in Simplify High Yield ETF (NYSEARCA:CDX) Grows By 236.6%
by Michael Walen · The Markets DailySimplify High Yield ETF (NYSEARCA:CDX – Get Free Report) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 17,009 shares, an increase of 236.6% from the June 15th total of 5,053 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 145,772 shares, the short-interest ratio is presently 0.1 days.
Simplify High Yield ETF Price Performance
Simplify High Yield ETF stock traded up $0.04 during trading hours on Tuesday, hitting $20.89. The stock had a trading volume of 127,722 shares, compared to its average volume of 175,215. The stock has a market capitalization of $386.88 million, a price-to-earnings ratio of 11.17 and a beta of 0.30. Simplify High Yield ETF has a 1-year low of $20.85 and a 1-year high of $23.33. The stock’s fifty day moving average is $21.15 and its two-hundred day moving average is $21.63.
Institutional Investors Weigh In On Simplify High Yield ETF
Several institutional investors and hedge funds have recently made changes to their positions in CDX. Jane Street Group LLC increased its holdings in Simplify High Yield ETF by 222.4% during the 1st quarter. Jane Street Group LLC now owns 51,964 shares of the company’s stock valued at $1,192,000 after acquiring an additional 35,846 shares in the last quarter. Osaic Holdings Inc. grew its position in shares of Simplify High Yield ETF by 94,758.3% in the second quarter. Osaic Holdings Inc. now owns 22,766 shares of the company’s stock valued at $531,000 after purchasing an additional 22,742 shares during the last quarter. Orion Porfolio Solutions LLC grew its position in shares of Simplify High Yield ETF by 2.1% in the third quarter. Orion Porfolio Solutions LLC now owns 22,651 shares of the company’s stock valued at $519,000 after purchasing an additional 463 shares during the last quarter. SFG Wealth Management LLC. purchased a new position in shares of Simplify High Yield ETF during the 3rd quarter worth approximately $495,000. Finally, WCG Wealth Advisors LLC purchased a new position in shares of Simplify High Yield ETF during the 3rd quarter worth approximately $942,000.
About Simplify High Yield ETF
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.