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

Simplify High Yield ETF (NYSEARCA:CDX) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 445 shares, a decline of 97.8% from the July 15th total of 20,345 shares. Based on an average daily volume of 103,675 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Simplify High Yield ETF Price Performance

Simplify High Yield ETF stock traded up $0.08 during trading hours on Wednesday, hitting $20.86. The company had a trading volume of 26,301 shares, compared to its average volume of 166,264. The firm has a 50-day moving average of $20.95 and a 200 day moving average of $21.41. The firm has a market cap of $380.28 million, a PE ratio of 11.17 and a beta of 0.30. Simplify High Yield ETF has a one year low of $20.42 and a one year high of $23.17.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Meridian Wealth Management LLC acquired a new stake in shares of Simplify High Yield ETF during the fourth quarter worth $7,109,000. Orion Porfolio Solutions LLC grew its stake in shares of Simplify High Yield ETF by 1,306.2% in the fourth quarter. Orion Porfolio Solutions LLC now owns 318,520 shares of the company’s stock valued at $7,093,000 after acquiring an additional 295,869 shares in the last quarter. Drive Wealth Management LLC increased its position in Simplify High Yield ETF by 177.2% during the fourth quarter. Drive Wealth Management LLC now owns 372,252 shares of the company’s stock worth $8,290,000 after acquiring an additional 237,952 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new stake in Simplify High Yield ETF in the 4th quarter worth about $4,935,000. Finally, NewEdge Advisors LLC acquired a new stake in Simplify High Yield ETF in the 3rd quarter worth about $4,809,000.

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.