Simplify High Yield ETF (NYSEARCA:CDX – Get Free Report) was the recipient of a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 18,582 shares, a drop of 57.0% from the February 12th total of 43,258 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 165,281 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 165,281 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are sold short.
Simplify High Yield ETF Stock Performance
NYSEARCA CDX traded up $0.08 on Friday, reaching $21.59. The stock had a trading volume of 465,516 shares, compared to its average volume of 223,572. Simplify High Yield ETF has a 12-month low of $21.50 and a 12-month high of $24.89. The business’s 50-day moving average price is $22.10 and its 200 day moving average price is $22.48. The stock has a market cap of $473.25 million, a P/E ratio of 11.17 and a beta of 0.33.
Simplify High Yield ETF Announces Dividend
The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 24th were issued a $0.15 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date of this dividend was Tuesday, February 24th.
Institutional Trading of Simplify High Yield ETF
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.
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