Simplify High Yield ETF (NYSEARCA:CDX – Get Free Report) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 445 shares, a decrease of 97.8% from the July 15th total of 20,345 shares. Based on an average daily trading volume, of 103,675 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.
Hedge Funds Weigh In On Simplify High Yield ETF
Institutional investors and hedge funds have recently bought and sold shares of the stock. Orion Porfolio Solutions LLC boosted its stake in Simplify High Yield ETF by 2.1% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 22,651 shares of the company’s stock valued at $519,000 after purchasing an additional 463 shares in the last quarter. Kestra Private Wealth Services LLC boosted its position in shares of Simplify High Yield ETF by 2.2% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 36,154 shares of the company’s stock valued at $828,000 after purchasing an additional 795 shares in the last quarter. Kestra Advisory Services LLC boosted its holdings in Simplify High Yield ETF by 4.7% during the first quarter. Kestra Advisory Services LLC now owns 18,343 shares of the company’s stock worth $391,000 after buying an additional 831 shares in the last quarter. Wells Fargo & Company MN acquired a new position in Simplify High Yield ETF in the fourth quarter worth approximately $27,000. Finally, Arax Advisory Partners acquired a new position in Simplify High Yield ETF in the fourth quarter worth approximately $28,000.
Simplify High Yield ETF Stock Performance
Simplify High Yield ETF stock remained flat at $20.78 during mid-day trading on Tuesday. The company’s stock had a trading volume of 50,883 shares, compared to its average volume of 167,204. The company has a 50 day moving average price of $20.95 and a 200 day moving average price of $21.41. The firm has a market cap of $378.82 million, a P/E ratio of 11.17 and a beta of 0.30. Simplify High Yield ETF has a 52-week low of $20.42 and a 52-week high of $23.17.
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.
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