Simplify Opportunistic Income ETF (NYSEARCA:CRDT) Sees Large Growth in Short Interest

Simplify Opportunistic Income ETF (NYSEARCA:CRDT) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 1,216 shares, an increase of 1,153.6% from the August 15th total of 97 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 2,884 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of Simplify Opportunistic Income ETF

Hedge funds have recently bought and sold shares of the company. Continuum Advisory LLC lifted its holdings in shares of Simplify Opportunistic Income ETF by 11.8% in the first quarter. Continuum Advisory LLC now owns 431,710 shares of the company’s stock valued at $9,726,000 after purchasing an additional 45,466 shares in the last quarter. Ascension Capital Advisors Inc. grew its holdings in shares of Simplify Opportunistic Income ETF by 3.4% during the fourth quarter. Ascension Capital Advisors Inc. now owns 635,914 shares of the company’s stock valued at $14,823,000 after buying an additional 20,924 shares in the last quarter. Kingdom Financial Group LLC. acquired a new position in Simplify Opportunistic Income ETF during the fourth quarter valued at $56,000. Lloyd Advisory Services LLC. acquired a new position in Simplify Opportunistic Income ETF during the fourth quarter valued at $141,000. Finally, Focus Partners Wealth purchased a new stake in Simplify Opportunistic Income ETF in the 4th quarter worth about $6,442,000.

Simplify Opportunistic Income ETF Trading Up 0.4%

Shares of NYSEARCA CRDT traded up $0.09 during mid-day trading on Friday, reaching $22.48. The company had a trading volume of 2,474 shares, compared to its average volume of 10,959. The company has a 50-day moving average price of $23.30 and a two-hundred day moving average price of $23.15. The stock has a market cap of $34.84 million, a PE ratio of 9.33 and a beta of 0.15. Simplify Opportunistic Income ETF has a 1-year low of $21.69 and a 1-year high of $24.02.

Simplify Opportunistic Income ETF Company Profile

The Simplify Opportunistic Income ETF (CRDT) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that holds various fixed income securities from developed markets. The fund has no maturity and credit rating limitation CRDT was launched on Jun 26, 2023 and is managed by Simplify.