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

Simplify High Yield ETF (NYSEARCA:CDX) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 17,009 shares, an increase of 236.6% from the June 15th total of 5,053 shares. Based on an average daily trading volume, of 145,772 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On Simplify High Yield ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in CDX. Meridian Wealth Management LLC bought a new position in shares of Simplify High Yield ETF in the fourth quarter valued at approximately $7,109,000. Cooper Financial Group bought a new stake in shares of Simplify High Yield ETF during the 4th quarter worth $669,000. Worth Asset Management LLC grew its stake in Simplify High Yield ETF by 136.2% in the 4th quarter. Worth Asset Management LLC now owns 46,324 shares of the company’s stock valued at $1,032,000 after buying an additional 26,714 shares during the last quarter. Insight Wealth Strategies LLC grew its stake in Simplify High Yield ETF by 25.7% in the 4th quarter. Insight Wealth Strategies LLC now owns 647,232 shares of the company’s stock valued at $14,414,000 after buying an additional 132,380 shares during the last quarter. Finally, AE Wealth Management LLC grew its stake in Simplify High Yield ETF by 16.8% in the 4th quarter. AE Wealth Management LLC now owns 1,216,909 shares of the company’s stock valued at $27,101,000 after buying an additional 174,686 shares during the last quarter.

Simplify High Yield ETF Stock Performance

CDX opened at $20.93 on Monday. The company has a market cap of $387.62 million, a PE ratio of 11.17 and a beta of 0.30. The stock has a 50-day moving average of $21.16 and a 200-day moving average of $21.64. Simplify High Yield ETF has a 52-week low of $20.86 and a 52-week high of $23.33.

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.