Simplify High Yield ETF (NYSEARCA:CDX) Sees Large Increase in Short Interest

Simplify High Yield ETF (NYSEARCA:CDX) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 17,009 shares, a growth of 236.6% from the June 15th total of 5,053 shares. Based on an average daily volume of 145,772 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Investors Weigh In On Simplify High Yield ETF

Several large investors have recently made changes to their positions in the company. Orion Porfolio Solutions LLC raised its position in Simplify High Yield ETF by 2.1% during the third quarter. Orion Porfolio Solutions LLC now owns 22,651 shares of the company’s stock valued at $519,000 after acquiring an additional 463 shares in the last quarter. BayBridge Capital Group LLC lifted its stake in Simplify High Yield ETF by 7.1% in the fourth quarter. BayBridge Capital Group LLC now owns 10,217 shares of the company’s stock valued at $228,000 after acquiring an additional 675 shares during the last quarter. Kestra Private Wealth Services LLC grew its position in Simplify High Yield ETF by 2.2% in the third quarter. Kestra Private Wealth Services LLC now owns 36,154 shares of the company’s stock worth $828,000 after acquiring an additional 795 shares in the last quarter. Kestra Advisory Services LLC grew its position in Simplify High Yield ETF by 4.7% in the first quarter. Kestra Advisory Services LLC now owns 18,343 shares of the company’s stock worth $391,000 after acquiring an additional 831 shares in the last quarter. Finally, Heck Capital Advisors LLC increased its stake in shares of Simplify High Yield ETF by 8.6% during the 4th quarter. Heck Capital Advisors LLC now owns 12,975 shares of the company’s stock worth $289,000 after purchasing an additional 1,030 shares during the last quarter.

Simplify High Yield ETF Price Performance

Shares of CDX stock opened at $20.93 on Monday. Simplify High Yield ETF has a fifty-two week low of $20.86 and a fifty-two week high of $23.33. The stock’s 50-day moving average is $21.16 and its two-hundred day moving average is $21.64. The firm has a market cap of $387.62 million, a P/E ratio of 11.17 and a beta of 0.30.

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.