Short Interest in Simplify High Yield ETF (NYSEARCA:CDX) Rises By 98.9%

Simplify High Yield ETF (NYSEARCA:CDX) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 5,033 shares, an increase of 98.9% from the December 31st total of 2,530 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 164,579 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 164,579 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Simplify High Yield ETF Trading Down 0.4%

Shares of NYSEARCA:CDX opened at $22.14 on Friday. The company has a 50 day moving average of $22.35 and a 200-day moving average of $22.69. The firm has a market cap of $489.29 million, a P/E ratio of 11.17 and a beta of 0.33. Simplify High Yield ETF has a twelve month low of $21.77 and a twelve month high of $24.89.

Simplify High Yield ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Tuesday, January 27th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, January 27th. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%.

Institutional Trading of Simplify High Yield ETF

A number of hedge funds have recently bought and sold shares of CDX. Kestra Private Wealth Services LLC boosted its holdings in shares of Simplify High Yield ETF by 5.6% in the fourth quarter. Kestra Private Wealth Services LLC now owns 38,161 shares of the company’s stock worth $850,000 after buying an additional 2,007 shares during the period. Almanack Investment Partners LLC. lifted its position in shares of Simplify High Yield ETF by 76.1% in the 4th quarter. Almanack Investment Partners LLC. now owns 19,174 shares of the company’s stock valued at $427,000 after acquiring an additional 8,287 shares in the last quarter. NBC Securities Inc. purchased a new stake in shares of Simplify High Yield ETF in the 4th quarter valued at approximately $42,000. TD Waterhouse Canada Inc. boosted its stake in Simplify High Yield ETF by 32.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 30,400 shares of the company’s stock worth $676,000 after purchasing an additional 7,500 shares during the period. Finally, AE Wealth Management LLC grew its position in Simplify High Yield ETF by 16.8% during the 4th quarter. AE Wealth Management LLC now owns 1,216,909 shares of the company’s stock worth $27,101,000 after purchasing an additional 174,686 shares in 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.