Simplify Opportunistic Income ETF (NYSEARCA:CRDT) Short Interest Up 459.0% in May

Simplify Opportunistic Income ETF (NYSEARCA:CRDT) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 8,296 shares, an increase of 459.0% from the May 14th total of 1,484 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average trading volume of 7,025 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Investors Weigh In On Simplify Opportunistic Income ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new stake in Simplify Opportunistic Income ETF in the third quarter worth $1,486,000. Cresset Asset Management LLC grew its stake in Simplify Opportunistic Income ETF by 2.5% in the third quarter. Cresset Asset Management LLC now owns 30,852 shares of the company’s stock worth $730,000 after purchasing an additional 744 shares during the period. Ascension Capital Advisors Inc. grew its stake in Simplify Opportunistic Income ETF by 0.7% in the third quarter. Ascension Capital Advisors Inc. now owns 614,990 shares of the company’s stock worth $14,551,000 after purchasing an additional 4,210 shares during the period. Wealthcare Advisory Partners LLC lifted its holdings in shares of Simplify Opportunistic Income ETF by 12.4% during the third quarter. Wealthcare Advisory Partners LLC now owns 128,507 shares of the company’s stock valued at $3,040,000 after purchasing an additional 14,176 shares during the last quarter. Finally, Principal Securities Inc. lifted its holdings in shares of Simplify Opportunistic Income ETF by 7.1% during the fourth quarter. Principal Securities Inc. now owns 23,703 shares of the company’s stock valued at $553,000 after purchasing an additional 1,573 shares during the last quarter.

Simplify Opportunistic Income ETF Price Performance

CRDT stock traded down $0.01 during midday trading on Wednesday, hitting $23.22. The stock had a trading volume of 1,579 shares, compared to its average volume of 13,919. The firm has a market cap of $37.62 million, a price-to-earnings ratio of 9.33 and a beta of 0.15. The business has a 50-day moving average of $23.11 and a two-hundred day moving average of $23.18. Simplify Opportunistic Income ETF has a 52-week low of $21.69 and a 52-week high of $24.65.

Simplify Opportunistic Income ETF Company Profile

The Simplify Opportunistic Income ETF (CRDT) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that holds various fixed income securities from developed markets. The fund has no maturity and credit rating limitation CRDT was launched on Jun 26, 2023 and is managed by Simplify.