Simplify High Yield ETF (NYSEARCA:CDX) Short Interest Up 287.7% in May

Simplify High Yield ETF (NYSEARCA:CDX) was the target of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 4,501 shares, a growth of 287.7% from the May 14th total of 1,161 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 227,967 shares, the short-interest ratio is currently 0.0 days.

Simplify High Yield ETF Trading Up 0.9%

Shares of CDX stock traded up $0.18 during trading hours on Thursday, hitting $21.24. The company’s stock had a trading volume of 102,099 shares, compared to its average volume of 182,295. The company has a 50 day moving average of $21.35 and a 200 day moving average of $21.85. The stock has a market cap of $444.98 million, a PE ratio of 11.17 and a beta of 0.30. Simplify High Yield ETF has a 12-month low of $21.02 and a 12-month high of $23.38.

Hedge Funds Weigh In On Simplify High Yield ETF

Several large investors have recently made changes to their positions in the company. Orion Porfolio Solutions LLC lifted its stake in shares of 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 valued at $519,000 after purchasing an additional 463 shares during the period. BayBridge Capital Group LLC lifted its stake in shares of Simplify High Yield ETF by 7.1% in the 4th quarter. BayBridge Capital Group LLC now owns 10,217 shares of the company’s stock valued at $228,000 after purchasing an additional 675 shares during the period. Kestra Private Wealth Services LLC lifted its stake in shares of Simplify High Yield ETF by 2.2% in 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 during the period. Kestra Advisory Services LLC lifted its stake in shares of Simplify High Yield ETF by 4.7% in the 1st quarter. Kestra Advisory Services LLC now owns 18,343 shares of the company’s stock valued at $391,000 after purchasing an additional 831 shares during the period. Finally, Heck Capital Advisors LLC lifted its stake in shares of Simplify High Yield ETF by 8.6% in the 4th quarter. Heck Capital Advisors LLC now owns 12,975 shares of the company’s stock valued at $289,000 after purchasing an additional 1,030 shares during the period.

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.