Simplify High Yield ETF (NYSEARCA:CDX) Stock Short Interest Report for October

Simplify High Yield ETF (NYSEARCA:CDX) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 161,257 shares, a growth of 1,058.8% from the September 30th total of 13,916 shares. Approximately 1.0% of the company’s shares are sold short. Based on an average trading volume of 106,539 shares, the short-interest ratio is currently 1.5 days.

Simplify High Yield ETF Price Performance

CDX traded up $0.01 during trading on Monday, hitting $20.38. The company’s stock had a trading volume of 372,977 shares, compared to its average volume of 156,115. Simplify High Yield ETF has a twelve month low of $20.06 and a twelve month high of $22.94. The stock has a market cap of $315.89 million, a PE ratio of 11.17 and a beta of 0.30. The firm’s 50 day moving average price is $20.45 and its 200-day moving average price is $21.21.

Institutional Investors Weigh In On Simplify High Yield ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. NewEdge Wealth LLC increased its stake in Simplify High Yield ETF by 9.1% in the first quarter. NewEdge Wealth LLC now owns 368,211 shares of the company’s stock valued at $7,858,000 after purchasing an additional 30,768 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Simplify High Yield ETF by 10.6% during the second quarter. Envestnet Asset Management Inc. now owns 1,655,982 shares of the company’s stock worth $34,974,000 after buying an additional 159,062 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in Simplify High Yield ETF by 10.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 267,497 shares of the company’s stock worth $5,650,000 after buying an additional 25,739 shares during the last quarter. Retirement Planning Group LLC acquired a new stake in Simplify High Yield ETF in the 3rd quarter worth about $1,145,000. Finally, Janney Montgomery Scott LLC boosted its stake in Simplify High Yield ETF by 577.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 71,939 shares of the company’s stock worth $1,535,000 after buying an additional 61,317 shares during the last quarter.

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.