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

Simplify High Yield ETF (NYSEARCA:CDX) was the target of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 4,501 shares, a growth of 287.7% from the May 14th total of 1,161 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 227,967 shares, the days-to-cover ratio is presently 0.0 days.

Simplify High Yield ETF Price Performance

NYSEARCA CDX traded down $0.02 during trading on Friday, reaching $21.22. The company’s stock had a trading volume of 88,258 shares, compared to its average volume of 181,455. The stock has a market capitalization of $444.56 million, a PE ratio of 11.17 and a beta of 0.30. The firm has a fifty day moving average of $21.35 and a 200 day moving average of $21.84. Simplify High Yield ETF has a one year low of $21.02 and a one year high of $23.38.

Hedge Funds Weigh In On Simplify High Yield ETF

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

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.