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

Simplify High Yield ETF (NYSEARCA:CDXGet 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

A number of large investors have recently bought and sold shares of CDX. Wells Fargo & Company MN purchased a new position in Simplify High Yield ETF during the 4th quarter worth $27,000. Arax Advisory Partners purchased a new stake in shares of Simplify High Yield ETF in the fourth quarter valued at about $28,000. Private Trust Co. NA purchased a new stake in shares of Simplify High Yield ETF in the fourth quarter valued at about $30,000. Clearstead Advisors LLC acquired a new stake in shares of Simplify High Yield ETF during the fourth quarter worth about $38,000. Finally, NBC Securities Inc. acquired a new stake in shares of Simplify High Yield ETF during the fourth quarter worth about $42,000.

About Simplify High Yield ETF

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Simplify High Yield ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simplify High Yield ETF and related companies with MarketBeat.com's FREE daily email newsletter.