Simplify High Yield PLUS Credit Hedge ETF (NYSEARCA:CDX) Short Interest Down 79.3% in May

Simplify High Yield PLUS Credit Hedge ETF (NYSEARCA:CDX) was the recipient of a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 54,800 shares, a drop of 79.3% from the May 15th total of 265,300 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average trading volume of 168,800 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Simplify High Yield PLUS Credit Hedge ETF

A number of large investors have recently modified their holdings of the business. Jane Street Group LLC boosted its position in shares of Simplify High Yield PLUS Credit Hedge ETF by 222.4% during the 1st quarter. Jane Street Group LLC now owns 51,964 shares of the company’s stock valued at $1,192,000 after acquiring an additional 35,846 shares during the last quarter. Summit Financial LLC boosted its position in shares of Simplify High Yield PLUS Credit Hedge ETF by 733.0% during the 1st quarter. Summit Financial LLC now owns 146,249 shares of the company’s stock valued at $3,355,000 after acquiring an additional 128,693 shares during the last quarter. Avantax Advisory Services Inc. lifted its position in Simplify High Yield PLUS Credit Hedge ETF by 10.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 41,902 shares of the company’s stock worth $961,000 after buying an additional 3,948 shares during the last quarter. AE Wealth Management LLC lifted its position in Simplify High Yield PLUS Credit Hedge ETF by 9.6% in the 1st quarter. AE Wealth Management LLC now owns 559,274 shares of the company’s stock worth $12,830,000 after buying an additional 49,214 shares during the last quarter. Finally, SFG Wealth Management LLC. lifted its position in Simplify High Yield PLUS Credit Hedge ETF by 157.1% in the 1st quarter. SFG Wealth Management LLC. now owns 83,007 shares of the company’s stock worth $1,904,000 after buying an additional 50,722 shares during the last quarter.

Simplify High Yield PLUS Credit Hedge ETF Trading Up 0.2%

Shares of CDX opened at $23.04 on Thursday. The company has a market cap of $199.30 million, a PE ratio of 11.17 and a beta of 0.37. The stock has a 50-day moving average price of $23.10 and a 200-day moving average price of $22.80. Simplify High Yield PLUS Credit Hedge ETF has a 12-month low of $21.34 and a 12-month high of $25.59.

Simplify High Yield PLUS Credit Hedge 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.