Simplify High Yield ETF (NYSEARCA:CDX) Stock Short Interest Report for October

Simplify High Yield ETF (NYSEARCA:CDX) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 161,257 shares, an increase of 1,058.8% from the September 30th total of 13,916 shares. Based on an average trading volume of 106,539 shares, the days-to-cover ratio is presently 1.5 days. Currently, 1.0% of the shares of the stock are sold short.

Simplify High Yield ETF Trading Up 0.0%

Shares of NYSEARCA:CDX traded up $0.01 on Monday, hitting $20.38. The company had a trading volume of 372,977 shares, compared to its average volume of 156,115. Simplify High Yield ETF has a 52-week low of $20.06 and a 52-week high of $22.94. The business has a 50 day moving average of $20.45 and a 200 day moving average of $21.21. The company has a market cap of $315.89 million, a PE ratio of 11.17 and a beta of 0.30.

Institutional Trading of Simplify High Yield ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Park Avenue Securities LLC purchased a new stake in shares of Simplify High Yield ETF during the third quarter worth about $309,000. Flagship Harbor Advisors LLC raised its position in shares of Simplify High Yield ETF by 2.2% in the third quarter. Flagship Harbor Advisors LLC now owns 325,275 shares of the company’s stock valued at $6,561,000 after buying an additional 7,064 shares during the last quarter. Fifth Third Securities Inc. acquired a new position in shares of Simplify High Yield ETF in the third quarter valued at approximately $3,454,000. Retirement Planning Group LLC purchased a new position in shares of Simplify High Yield ETF during the third quarter valued at approximately $1,145,000. Finally, SteelPeak Wealth LLC lifted its stake in shares of Simplify High Yield ETF by 97.4% during the third quarter. SteelPeak Wealth LLC now owns 46,487 shares of the company’s stock valued at $938,000 after buying an additional 22,943 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.