Simplify High Yield ETF (NYSEARCA:CDX) Short Interest Down 91.7% in May

Simplify High Yield ETF (NYSEARCA:CDX) saw a large decrease in short interest in May. As of May 15th, there was short interest totaling 1,161 shares, a decrease of 91.7% from the April 30th total of 14,037 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 107,500 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of Simplify High Yield ETF

A number of institutional investors have recently modified their holdings of CDX. Western Wealth Management LLC bought a new stake in Simplify High Yield ETF during the 1st quarter worth approximately $62,000. NewEdge Wealth LLC increased its holdings in Simplify High Yield ETF by 9.1% during the 1st quarter. NewEdge Wealth LLC now owns 368,211 shares of the company’s stock worth $7,858,000 after acquiring an additional 30,768 shares during the period. WealthCare Asset Management LLC bought a new stake in Simplify High Yield ETF during the 1st quarter worth approximately $359,000. Kestra Advisory Services LLC increased its holdings 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 worth $391,000 after acquiring an additional 831 shares during the period. Finally, Janney Montgomery Scott LLC increased its holdings in shares of 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.

Simplify High Yield ETF Trading Down 0.4%

Shares of CDX stock traded down $0.08 during trading on Thursday, reaching $21.10. 459,024 shares of the company’s stock traded hands, compared to its average volume of 184,121. The company has a market capitalization of $442.05 million, a P/E ratio of 11.17 and a beta of 0.31. The firm’s 50-day moving average is $21.44 and its 200 day moving average is $21.97. Simplify High Yield ETF has a 1 year low of $21.07 and a 1 year high of $23.38.

Simplify High Yield ETF Company Profile

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.