Simplify High Yield ETF (NYSEARCA:CDX) Shares Shorted: Short Interest Down 97.5% in October

Simplify High Yield ETF (NYSEARCA:CDX) was the target of a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 4,053 shares, a decline of 97.5% from the October 15th total of 161,257 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 94,216 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of Simplify High Yield ETF

Large investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC increased its stake in Simplify High Yield ETF by 4.7% during the 1st quarter. Kestra Advisory Services LLC now owns 18,343 shares of the company’s stock valued at $391,000 after purchasing an additional 831 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Simplify High Yield ETF during the second quarter worth $42,000. Western Wealth Management LLC acquired a new stake in shares of Simplify High Yield ETF during the first quarter worth $62,000. Heck Capital Advisors LLC lifted its stake in shares of Simplify High Yield ETF by 26.3% during the second quarter. Heck Capital Advisors LLC now owns 17,900 shares of the company’s stock worth $378,000 after buying an additional 3,725 shares during the period. Finally, TD Waterhouse Canada Inc. grew its holdings in shares of Simplify High Yield ETF by 12.1% during the second quarter. TD Waterhouse Canada Inc. now owns 54,500 shares of the company’s stock valued at $1,142,000 after buying an additional 5,900 shares during the last quarter.

Simplify High Yield ETF Stock Performance

Shares of NYSEARCA CDX traded down $0.25 during midday trading on Tuesday, hitting $19.83. 94,640 shares of the company’s stock traded hands, compared to its average volume of 161,523. The firm has a fifty day moving average of $20.31 and a 200 day moving average of $21.08. Simplify High Yield ETF has a 1 year low of $19.65 and a 1 year high of $22.88. The stock has a market capitalization of $299.43 million, a price-to-earnings ratio of 11.17 and a beta of 0.30.

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.