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

Simplify High Yield ETF (NYSEARCA:CDX) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 13,916 shares, a growth of 181.2% from the September 15th total of 4,948 shares. Based on an average trading volume of 160,924 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

Simplify High Yield ETF Stock Down 0.3%

NYSEARCA CDX opened at $20.35 on Wednesday. Simplify High Yield ETF has a 52 week low of $20.06 and a 52 week high of $22.94. The business’s fifty day simple moving average is $20.54 and its 200-day simple moving average is $20.95. The firm has a market cap of $320.11 million, a PE ratio of 11.17 and a beta of 0.30.

Institutional Investors Weigh In On Simplify High Yield ETF

Hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its holdings in Simplify High Yield ETF by 10.6% in the second quarter. Envestnet Asset Management Inc. now owns 1,655,982 shares of the company’s stock valued at $34,974,000 after acquiring an additional 159,062 shares during the last quarter. Insight Wealth Strategies LLC grew its position in Simplify High Yield ETF by 12.4% in the second quarter. Insight Wealth Strategies LLC now owns 764,328 shares of the company’s stock worth $16,013,000 after acquiring an additional 84,230 shares during the period. Janney Montgomery Scott LLC grew its position in Simplify High Yield ETF by 577.3% in the first quarter. Janney Montgomery Scott LLC now owns 71,939 shares of the company’s stock worth $1,535,000 after acquiring an additional 61,317 shares during the period. NewEdge Wealth LLC increased its stake in Simplify High Yield ETF by 9.1% during the first quarter. NewEdge Wealth LLC now owns 368,211 shares of the company’s stock worth $7,858,000 after acquiring an additional 30,768 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its stake in Simplify High Yield ETF by 10.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 267,497 shares of the company’s stock worth $5,650,000 after acquiring an additional 25,739 shares during 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.