Simplify High Yield ETF (NYSEARCA:CDX – Get Free Report) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 56,528 shares, a decline of 62.6% from the November 30th total of 151,052 shares. Based on an average daily volume of 225,154 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the company’s shares are sold short. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 225,154 shares, the short-interest ratio is presently 0.3 days.
Institutional Investors Weigh In On Simplify High Yield ETF
Large investors have recently made changes to their positions in the company. Beacon Capital Management LLC purchased a new position in shares of Simplify High Yield ETF during the 2nd quarter worth about $41,000. TD Waterhouse Canada Inc. acquired a new position in Simplify High Yield ETF in the 2nd quarter worth approximately $44,000. PNC Financial Services Group Inc. purchased a new position in shares of Simplify High Yield ETF during the 2nd quarter valued at about $49,000. Ameritas Advisory Services LLC purchased a new position in shares of Simplify High Yield ETF in the 2nd quarter valued at about $53,000. Finally, Triumph Capital Management acquired a new stake in Simplify High Yield ETF in the 3rd quarter valued at $217,000.
Simplify High Yield ETF Trading Down 0.1%
NYSEARCA:CDX traded down $0.02 during trading hours on Friday, reaching $22.25. 99,965 shares of the company traded hands, compared to its average volume of 184,620. The stock has a market capitalization of $404.95 million, a P/E ratio of 11.17 and a beta of 0.33. Simplify High Yield ETF has a 1 year low of $21.57 and a 1 year high of $24.89. The business’s 50-day moving average price is $22.59 and its two-hundred day moving average price is $22.85.
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.
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