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

Simplify High Yield ETF (NYSEARCA:CDX) was the recipient of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 366,043 shares, a growth of 1,869.9% from the February 26th total of 18,582 shares. Currently, 1.7% of the shares of the stock are sold short. Based on an average trading volume of 186,387 shares, the short-interest ratio is currently 2.0 days.

Institutional Investors Weigh In On Simplify High Yield ETF

A number of hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN acquired a new position in Simplify High Yield ETF during the fourth quarter worth about $27,000. Arax Advisory Partners acquired a new stake in Simplify High Yield ETF in the 4th quarter valued at about $28,000. Private Trust Co. NA acquired a new stake in Simplify High Yield ETF in the 4th quarter valued at about $30,000. Clearstead Advisors LLC purchased a new position in Simplify High Yield ETF in the 4th quarter worth approximately $38,000. Finally, NBC Securities Inc. purchased a new position in Simplify High Yield ETF in the 4th quarter worth approximately $42,000.

Simplify High Yield ETF Stock Performance

Shares of CDX traded down $0.31 during trading hours on Thursday, hitting $21.26. 243,301 shares of the stock were exchanged, compared to its average volume of 207,872. The stock’s 50-day moving average price is $22.00 and its two-hundred day moving average price is $22.40. Simplify High Yield ETF has a 12-month low of $21.21 and a 12-month high of $24.89. The company has a market cap of $466.02 million, a price-to-earnings ratio of 11.17 and a beta of 0.33.

Simplify High Yield ETF Dividend Announcement

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 dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a c) dividend on an annualized basis and a dividend yield of 8.5%.

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.