Simplify High Yield ETF (NYSEARCA:CDX) Short Interest Update

Simplify High Yield ETF (NYSEARCA:CDX) saw a large decline in short interest during 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. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 107,500 shares, the short-interest ratio is currently 0.0 days.

Simplify High Yield ETF Price Performance

CDX traded down $0.01 during trading on Wednesday, hitting $21.18. The company’s stock had a trading volume of 141,504 shares, compared to its average volume of 181,372. The firm’s 50 day moving average price is $21.45 and its 200-day moving average price is $21.98. The stock has a market cap of $443.72 million, a PE ratio of 11.17 and a beta of 0.31. Simplify High Yield ETF has a twelve month low of $21.07 and a twelve month high of $23.38.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CDX. Jane Street Group LLC raised its holdings in Simplify High Yield ETF by 222.4% in 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. Osaic Holdings Inc. raised its holdings in Simplify High Yield ETF by 94,758.3% in the 2nd quarter. Osaic Holdings Inc. now owns 22,766 shares of the company’s stock valued at $531,000 after acquiring an additional 22,742 shares during the last quarter. Belpointe Asset Management LLC raised its holdings in Simplify High Yield ETF by 9.3% in the 3rd quarter. Belpointe Asset Management LLC now owns 10,465 shares of the company’s stock valued at $240,000 after acquiring an additional 890 shares during the last quarter. TD Waterhouse Canada Inc. raised its holdings in Simplify High Yield ETF by 1,105.3% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 22,900 shares of the company’s stock valued at $523,000 after acquiring an additional 21,000 shares during the last quarter. Finally, AE Wealth Management LLC raised its holdings in Simplify High Yield ETF by 20.8% in the 3rd quarter. AE Wealth Management LLC now owns 1,042,223 shares of the company’s stock valued at $23,877,000 after acquiring an additional 179,543 shares during the last quarter.

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.