Simplify High Yield ETF (NYSEARCA:CDX) Stock Short Interest Falls 97.5%

Simplify High Yield ETF (NYSEARCA:CDX) saw a significant drop in short interest in October. As of October 30th, there was short interest totaling 4,053 shares, a drop of 97.5% from the October 15th total of 161,257 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 94,216 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On Simplify High Yield ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. HighTower Advisors LLC acquired a new position in shares of Simplify High Yield ETF in the 3rd quarter valued at about $569,000. Silver Oak Securities Incorporated purchased a new stake in Simplify High Yield ETF during the 3rd quarter worth approximately $1,270,000. Pekin Hardy Strauss Inc. acquired a new position in Simplify High Yield ETF in the 3rd quarter valued at $1,866,000. Commonwealth Equity Services LLC acquired a new stake in shares of Simplify High Yield ETF in the third quarter valued at about $3,687,000. Finally, MFG Investments LLC purchased a new position in Simplify High Yield ETF in the 3rd quarter worth approximately $256,000.

Simplify High Yield ETF Stock Performance

CDX stock traded up $0.13 on Wednesday, hitting $19.96. 754,912 shares of the company’s stock were exchanged, compared to its average volume of 164,248. Simplify High Yield ETF has a 12-month low of $19.65 and a 12-month high of $22.88. The stock has a market cap of $301.40 million, a P/E ratio of 11.17 and a beta of 0.30. The firm has a 50 day moving average price of $20.31 and a two-hundred day moving average price of $21.08.

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.