Simplify High Yield ETF (NYSEARCA:CDX) Shares Shorted: Short Interest Up 181.2% in September

Simplify High Yield ETF (NYSEARCA:CDX) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 13,916 shares, an increase of 181.2% from the September 15th total of 4,948 shares. Based on an average daily trading volume, of 160,924 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Ameritas Advisory Services LLC acquired a new stake in shares of Simplify High Yield ETF in the 2nd quarter valued at approximately $42,000. Western Wealth Management LLC acquired a new stake in shares of Simplify High Yield ETF in the first quarter valued at about $62,000. Realta Investment Advisors acquired a new stake in Simplify High Yield ETF during the 1st quarter valued at approximately $172,000. WealthCare Asset Management LLC acquired a new stake in shares of Simplify High Yield ETF during the first quarter worth $359,000. Finally, Heck Capital Advisors LLC lifted its stake in Simplify High Yield ETF by 26.3% in the second quarter. Heck Capital Advisors LLC now owns 17,900 shares of the company’s stock valued at $378,000 after buying an additional 3,725 shares during the period.

Simplify High Yield ETF Stock Down 0.3%

Shares of CDX traded down $0.06 during midday trading on Tuesday, reaching $20.35. 49,781 shares of the stock were exchanged, compared to its average volume of 157,528. The stock’s 50 day simple moving average is $20.55 and its 200 day simple moving average is $20.96. The company has a market cap of $320.11 million, a P/E ratio of 11.17 and a beta of 0.30. Simplify High Yield ETF has a twelve month low of $20.06 and a twelve month high of $22.94.

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.