Citadel Advisors LLC Cuts Stock Holdings in Simplify High Yield ETF $CDX

Citadel Advisors LLC reduced its stake in Simplify High Yield ETF (NYSEARCA:CDX) by 44.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 60,280 shares of the company’s stock after selling 47,360 shares during the period. Citadel Advisors LLC’s holdings in Simplify High Yield ETF were worth $1,273,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Wells Fargo & Company MN purchased a new position in shares of Simplify High Yield ETF during the fourth quarter valued at about $27,000. Arax Advisory Partners purchased a new stake in shares of Simplify High Yield ETF in the fourth quarter worth about $28,000. Clearstead Advisors LLC purchased a new stake in shares of Simplify High Yield ETF in the fourth quarter worth about $38,000. Ameritas Advisory Services LLC bought a new position in Simplify High Yield ETF during the second quarter valued at approximately $42,000. Finally, Western Wealth Management LLC bought a new position in Simplify High Yield ETF during the first quarter valued at approximately $62,000.

Simplify High Yield ETF Price Performance

NYSEARCA CDX opened at $20.56 on Thursday. Simplify High Yield ETF has a 1-year low of $20.42 and a 1-year high of $23.05. The business has a 50 day simple moving average of $20.75 and a two-hundred day simple moving average of $21.20. The stock has a market capitalization of $374.81 million, a PE ratio of 11.17 and a beta of 0.30.

Simplify High Yield ETF 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.