Simplify Opportunistic Income ETF (NYSEARCA:CRDT) Short Interest Up 546.7% in August

Simplify Opportunistic Income ETF (NYSEARCA:CRDT) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 97 shares, a growth of 546.7% from the July 30th total of 15 shares. Based on an average daily volume of 21,587 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Simplify Opportunistic Income ETF Stock Up 0.4%

CRDT stock opened at $23.57 on Wednesday. Simplify Opportunistic Income ETF has a 12 month low of $21.69 and a 12 month high of $24.15. The firm has a market cap of $36.53 million, a P/E ratio of 9.33 and a beta of 0.15. The company’s 50-day moving average price is $23.38 and its two-hundred day moving average price is $23.18.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Kingdom Financial Group LLC. bought a new stake in Simplify Opportunistic Income ETF during the fourth quarter worth $56,000. Lloyd Advisory Services LLC. bought a new position in shares of Simplify Opportunistic Income ETF in the 4th quarter valued at $141,000. Flow Traders U.S. LLC acquired a new position in shares of Simplify Opportunistic Income ETF during the 3rd quarter worth $386,000. Jane Street Group LLC acquired a new position in shares of Simplify Opportunistic Income ETF during the 1st quarter worth $408,000. Finally, Principal Securities Inc. lifted its position in shares of Simplify Opportunistic Income ETF by 7.1% during the 4th quarter. Principal Securities Inc. now owns 23,703 shares of the company’s stock worth $553,000 after buying an additional 1,573 shares during the last quarter.

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.