Simplify High Yield ETF (NYSEARCA:CDX – Get Free Report) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 1,161 shares, a decline of 91.7% from the April 30th total of 14,037 shares. Based on an average daily volume of 107,500 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.
Simplify High Yield ETF Trading Up 0.2%
CDX stock traded up $0.04 during trading on Friday, reaching $21.14. 187,444 shares of the stock were exchanged, compared to its average volume of 184,153. The business has a 50 day moving average price of $21.42 and a 200-day moving average price of $21.95. Simplify High Yield ETF has a 1 year low of $21.07 and a 1 year high of $23.38. The firm has a market capitalization of $442.88 million, a price-to-earnings ratio of 11.17 and a beta of 0.31.
Hedge Funds Weigh In On Simplify High Yield ETF
A number of institutional investors have recently bought and sold shares of CDX. Wells Fargo & Company MN purchased a new position in Simplify High Yield ETF during the fourth quarter worth about $27,000. Arax Advisory Partners purchased a new position in Simplify High Yield ETF during the fourth quarter worth about $28,000. Private Trust Co. NA purchased a new position in Simplify High Yield ETF during the fourth quarter worth about $30,000. Clearstead Advisors LLC purchased a new position in Simplify High Yield ETF during the fourth quarter worth about $38,000. Finally, NBC Securities Inc. purchased a new position in Simplify High Yield ETF during the fourth quarter worth about $42,000.
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.
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