Simplify High Yield ETF (NYSEARCA:CDX) Short Interest Update

Simplify High Yield ETF (NYSEARCA:CDX) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totaling 2,530 shares, a decrease of 95.5% from the December 15th total of 56,528 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 192,118 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 192,118 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Simplify High Yield ETF Trading Up 0.1%

Shares of Simplify High Yield ETF stock opened at $22.25 on Tuesday. The company has a market cap of $452.34 million, a PE ratio of 11.17 and a beta of 0.33. The company has a 50 day moving average of $22.46 and a 200-day moving average of $22.77. Simplify High Yield ETF has a 1-year low of $21.73 and a 1-year high of $24.89.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Beacon Capital Management LLC purchased a new stake in Simplify High Yield ETF in the 2nd quarter valued at about $41,000. TD Waterhouse Canada Inc. purchased a new position in Simplify High Yield ETF in the second quarter worth $44,000. PNC Financial Services Group Inc. bought a new position in Simplify High Yield ETF in the 2nd quarter valued at $49,000. Ameritas Advisory Services LLC bought a new stake in shares of Simplify High Yield ETF during the 2nd quarter worth $53,000. Finally, Triumph Capital Management purchased a new position in shares of Simplify High Yield ETF in the 3rd quarter worth about $217,000.

Simplify High Yield ETF Company Profile

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.