Simplify High Yield ETF (NYSEARCA:CDX) Short Interest Up 1,570.1% in August

Simplify High Yield ETF (NYSEARCA:CDX) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 7,432 shares, a growth of 1,570.1% from the July 30th total of 445 shares. Based on an average trading volume of 117,688 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Investors Weigh In On Simplify High Yield ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN acquired a new position in Simplify High Yield ETF in the fourth quarter worth approximately $27,000. Arax Advisory Partners acquired a new position in shares of Simplify High Yield ETF during the 4th quarter worth $28,000. Clearstead Advisors LLC bought a new position in shares of Simplify High Yield ETF during the 4th quarter valued at $38,000. NBC Securities Inc. bought a new position in shares of Simplify High Yield ETF during the 4th quarter valued at $42,000. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Simplify High Yield ETF in the 2nd quarter valued at $42,000.

Simplify High Yield ETF Price Performance

CDX traded up $0.08 during trading on Tuesday, reaching $20.81. 77,025 shares of the stock traded hands, compared to its average volume of 165,529. The stock has a market cap of $379.37 million, a price-to-earnings ratio of 11.17 and a beta of 0.30. Simplify High Yield ETF has a fifty-two week low of $20.42 and a fifty-two week high of $23.05. The stock’s 50-day simple moving average is $20.88 and its two-hundred day simple moving average is $21.31.

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.