Simplify Opportunistic Income ETF (NYSEARCA:CRDT) Short Interest Down 99.4% in July

Simplify Opportunistic Income ETF (NYSEARCA:CRDT) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 15 shares, a drop of 99.4% from the July 15th total of 2,522 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 3,850 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of Simplify Opportunistic Income ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Continuum Advisory LLC lifted its position in Simplify Opportunistic Income ETF by 11.8% in the first quarter. Continuum Advisory LLC now owns 431,710 shares of the company’s stock valued at $9,726,000 after buying an additional 45,466 shares during the last quarter. Ascension Capital Advisors Inc. boosted its stake in Simplify Opportunistic Income ETF by 3.4% during the fourth quarter. Ascension Capital Advisors Inc. now owns 635,914 shares of the company’s stock worth $14,823,000 after buying an additional 20,924 shares during the period. Focus Partners Wealth acquired a new stake in shares of Simplify Opportunistic Income ETF during the fourth quarter valued at about $6,442,000. JPMorgan Chase & Co. acquired a new stake in shares of Simplify Opportunistic Income ETF during the third quarter valued at about $1,486,000. Finally, Sunbelt Securities Inc. increased its position in shares of Simplify Opportunistic Income ETF by 317.4% during the third quarter. Sunbelt Securities Inc. now owns 33,161 shares of the company’s stock valued at $785,000 after acquiring an additional 25,216 shares during the last quarter.

Simplify Opportunistic Income ETF Stock Up 0.6%

NYSEARCA:CRDT traded up $0.13 on Tuesday, reaching $23.74. The company’s stock had a trading volume of 2,647 shares, compared to its average volume of 11,126. Simplify Opportunistic Income ETF has a 12-month low of $21.69 and a 12-month high of $24.23. The stock has a 50 day moving average price of $23.32 and a 200 day moving average price of $23.17. The firm has a market cap of $36.80 million, a price-to-earnings ratio of 9.33 and a beta of 0.15.

Simplify Opportunistic Income ETF Company Profile

The Simplify Opportunistic Income ETF (CRDT) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that holds various fixed income securities from developed markets. The fund has no maturity and credit rating limitation CRDT was launched on Jun 26, 2023 and is managed by Simplify.