Short Interest in Simplify High Yield ETF (NYSEARCA:CDX) Drops By 62.6%

Simplify High Yield ETF (NYSEARCA:CDX) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totaling 56,528 shares, a drop of 62.6% from the November 30th total of 151,052 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 225,154 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 225,154 shares, the short-interest ratio is presently 0.3 days. Currently, 0.3% of the shares of the stock are sold short.

Hedge Funds Weigh In On Simplify High Yield ETF

A number of hedge funds have recently made changes to their positions in the company. AE Wealth Management LLC boosted its stake in shares of Simplify High Yield ETF by 20.8% in the third quarter. AE Wealth Management LLC now owns 1,042,223 shares of the company’s stock worth $23,877,000 after acquiring an additional 179,543 shares during the last quarter. Altiora Financial Group LLC lifted its holdings in Simplify High Yield ETF by 301.5% in the 3rd quarter. Altiora Financial Group LLC now owns 1,005,361 shares of the company’s stock valued at $23,033,000 after purchasing an additional 754,944 shares in the last quarter. Park Edge Advisors LLC boosted its stake in Simplify High Yield ETF by 17.3% during the 3rd quarter. Park Edge Advisors LLC now owns 719,012 shares of the company’s stock worth $16,473,000 after purchasing an additional 106,035 shares during the last quarter. Insight Wealth Strategies LLC acquired a new stake in Simplify High Yield ETF during the 3rd quarter worth $11,795,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Simplify High Yield ETF by 10.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 378,551 shares of the company’s stock worth $8,654,000 after buying an additional 36,974 shares in the last quarter.

Simplify High Yield ETF Stock Performance

Shares of CDX stock traded down $0.02 on Friday, reaching $22.25. 99,965 shares of the company were exchanged, compared to its average volume of 184,620. Simplify High Yield ETF has a 1 year low of $21.57 and a 1 year high of $24.89. The business has a 50-day moving average price of $22.58 and a 200 day moving average price of $22.84. The company has a market cap of $404.95 million, a price-to-earnings ratio of 11.17 and a beta of 0.33.

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.