Simplify High Yield ETF (NYSEARCA:CDX – Get Free Report) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 901 shares, a decrease of 87.9% from the August 15th total of 7,432 shares. Based on an average daily volume of 156,019 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.
Simplify High Yield ETF Price Performance
Shares of Simplify High Yield ETF stock traded down $0.09 during trading on Thursday, reaching $20.47. 191,431 shares of the stock traded hands, compared to its average volume of 161,704. Simplify High Yield ETF has a 52-week low of $20.42 and a 52-week high of $23.05. The business has a fifty day simple moving average of $20.74 and a two-hundred day simple moving average of $21.19. The company has a market capitalization of $373.17 million, a price-to-earnings ratio of 11.17 and a beta of 0.30.
Hedge Funds Weigh In On Simplify High Yield ETF
Several institutional investors have recently added to or reduced their stakes in the company. Orion Porfolio Solutions LLC increased its stake in Simplify High Yield ETF by 2.1% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 22,651 shares of the company’s stock worth $519,000 after acquiring an additional 463 shares during 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 acquiring an additional 795 shares during the last quarter. Kestra Advisory Services LLC boosted its position in shares of Simplify High Yield ETF by 4.7% during the 1st quarter. Kestra Advisory Services LLC now owns 18,343 shares of the company’s stock valued at $391,000 after acquiring an additional 831 shares during the last quarter. Wells Fargo & Company MN purchased a new position in shares of Simplify High Yield ETF in the fourth quarter valued at $27,000. Finally, Arax Advisory Partners purchased a new position in shares of Simplify High Yield ETF in the fourth quarter valued at $28,000.
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.
See Also
- Five stocks we like better than Simplify High Yield ETF
- AeroVironment’s Record Backlog and Earnings Beat Fuel Recovery Case
- Corning Just Locked In a Massive Verizon Fiber Deal as AI Infrastructure Expands
- 3 Under-$20 Stocks Tied to the Future of U.S. Energy and Materials
- Uncle Sam’s Quantum Leap: Feds Fund a $300M Quantum Supercycle
Receive News & Ratings for Simplify High Yield ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simplify High Yield ETF and related companies with MarketBeat.com's FREE daily email newsletter.
