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

Simplify High Yield ETF (NYSEARCA:CDX) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 2,530 shares, a decline of 95.5% from the December 15th total of 56,528 shares. Based on an average daily volume of 192,118 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 192,118 shares, the short-interest ratio is currently 0.0 days.

Simplify High Yield ETF Stock Performance

NYSEARCA:CDX traded up $0.07 during trading on Monday, reaching $22.30. The company’s stock had a trading volume of 99,263 shares, compared to its average volume of 195,179. Simplify High Yield ETF has a 12 month low of $21.73 and a 12 month high of $24.89. The firm has a market cap of $453.36 million, a price-to-earnings ratio of 11.17 and a beta of 0.33. The firm has a 50 day moving average of $22.46 and a 200-day moving average of $22.77.

Institutional Trading of Simplify High Yield ETF

Hedge funds have recently added to or reduced their stakes in the stock. AE Wealth Management LLC increased its stake in shares of Simplify High Yield ETF by 54.2% during the 2nd quarter. AE Wealth Management LLC now owns 862,680 shares of the company’s stock worth $20,118,000 after purchasing an additional 303,406 shares during the last quarter. Pekin Hardy Strauss Inc. bought a new position in Simplify High Yield ETF during the second quarter valued at $2,209,000. Janney Montgomery Scott LLC purchased a new stake in Simplify High Yield ETF in the second quarter worth $1,085,000. Belpointe Asset Management LLC bought a new stake in shares of Simplify High Yield ETF in the second quarter valued at $223,000. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of Simplify High Yield ETF by 6.5% in the second quarter. Steward Partners Investment Advisory LLC now owns 84,178 shares of the company’s stock valued at $1,963,000 after buying an additional 5,142 shares during the period.

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.