Short Interest in Simplify Opportunistic Income ETF (NYSEARCA:CRDT) Increases By 1,249.1%

Simplify Opportunistic Income ETF (NYSEARCA:CRDT) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 1,484 shares, an increase of 1,249.1% from the April 30th total of 110 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 13,080 shares, the days-to-cover ratio is presently 0.1 days.

Simplify Opportunistic Income ETF Stock Performance

Simplify Opportunistic Income ETF stock opened at $23.26 on Thursday. Simplify Opportunistic Income ETF has a 52 week low of $21.69 and a 52 week high of $24.65. The stock has a market capitalization of $37.68 million, a P/E ratio of 9.33 and a beta of 0.13. The stock has a fifty day moving average of $22.90 and a 200-day moving average of $23.17.

Hedge Funds Weigh In On Simplify Opportunistic Income ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Ascension Capital Advisors Inc. lifted its holdings in shares of Simplify Opportunistic Income ETF by 0.5% in the first quarter. Ascension Capital Advisors Inc. now owns 639,001 shares of the company’s stock valued at $14,396,000 after purchasing an additional 3,087 shares in the last quarter. Continuum Advisory LLC lifted its stake in Simplify Opportunistic Income ETF by 11.8% during the 1st quarter. Continuum Advisory LLC now owns 431,710 shares of the company’s stock valued at $9,726,000 after acquiring an additional 45,466 shares in the last quarter. Focus Partners Wealth purchased a new position in Simplify Opportunistic Income ETF during the 4th quarter worth $6,442,000. Mid American Wealth Advisory Group Inc. grew its stake in shares of Simplify Opportunistic Income ETF by 7.9% in the 4th quarter. Mid American Wealth Advisory Group Inc. now owns 201,104 shares of the company’s stock worth $4,688,000 after acquiring an additional 14,789 shares in the last quarter. Finally, Authentikos Wealth Advisory LLC increased its stake in Simplify Opportunistic Income ETF by 8.1% in the 3rd quarter. Authentikos Wealth Advisory LLC now owns 195,072 shares of the company’s stock valued at $4,615,000 after buying an additional 14,599 shares during the last quarter.

About Simplify Opportunistic Income ETF

The Simplify Opportunistic Income ETF (CRDT) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that holds various fixed income securities from developed markets. The fund has no maturity and credit rating limitation CRDT was launched on Jun 26, 2023 and is managed by Simplify.