Simplify High Yield ETF (NYSEARCA:CDX) Short Interest Up 98.9% in January

by · The Cerbat Gem

Simplify High Yield ETF (NYSEARCA:CDX – Get Free Report) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 5,033 shares, a growth of 98.9% from the December 31st total of 2,530 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 164,579 shares, the short-interest ratio is currently 0.0 days. Based on an average trading volume of 164,579 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Hedge Funds Weigh In On Simplify High Yield ETF

A number of hedge funds have recently bought and sold shares of CDX. AE Wealth Management LLC lifted its stake in Simplify High Yield ETF by 54.2% in the second quarter. AE Wealth Management LLC now owns 862,680 shares of the company’s stock valued at $20,118,000 after buying an additional 303,406 shares during the last quarter. Pekin Hardy Strauss Inc. acquired a new stake in shares of Simplify High Yield ETF in the 2nd quarter worth about $2,209,000. Janney Montgomery Scott LLC bought a new stake in Simplify High Yield ETF in the 2nd quarter valued at about $1,085,000. Belpointe Asset Management LLC acquired a new position in Simplify High Yield ETF during the 2nd quarter valued at about $223,000. Finally, Steward Partners Investment Advisory LLC grew its position in Simplify High Yield ETF by 6.5% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 84,178 shares of the company’s stock worth $1,963,000 after purchasing an additional 5,142 shares during the last quarter.

Simplify High Yield ETF Stock Performance

Shares of CDX traded down $0.09 during trading hours on Friday, hitting $22.14. The stock had a trading volume of 189,510 shares, compared to its average volume of 285,026. Simplify High Yield ETF has a 12-month low of $21.77 and a 12-month high of $24.89. The firm has a market cap of $489.29 million, a P/E ratio of 11.17 and a beta of 0.33. The company’s fifty day simple moving average is $22.36 and its 200 day simple moving average is $22.70.

Simplify High Yield ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Tuesday, January 27th will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, January 27th. This represents a c) annualized dividend and a yield of 8.1%.

About Simplify High Yield ETF

(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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