Short Interest in Simplify High Yield ETF (NYSEARCA:CDX) Expands By 287.7%

Simplify High Yield ETF (NYSEARCA:CDX) saw a significant increase in short interest in May. As of May 29th, there was short interest totaling 4,501 shares, an increase of 287.7% from the May 14th total of 1,161 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 227,967 shares, the days-to-cover ratio is presently 0.0 days.

Simplify High Yield ETF Stock Down 0.1%

Simplify High Yield ETF stock traded down $0.02 during mid-day trading on Friday, hitting $21.22. 88,258 shares of the company’s stock were exchanged, compared to its average volume of 181,455. The firm has a market capitalization of $444.56 million, a P/E ratio of 11.17 and a beta of 0.30. Simplify High Yield ETF has a fifty-two week low of $21.02 and a fifty-two week high of $23.38. The company’s 50 day simple moving average is $21.35 and its 200-day simple moving average is $21.84.

Institutional Trading of Simplify High Yield ETF

A number of large investors have recently bought and sold shares of CDX. Wells Fargo & Company MN bought a new position in Simplify High Yield ETF in the fourth quarter valued at approximately $27,000. Arax Advisory Partners acquired a new stake in shares of Simplify High Yield ETF during the fourth quarter worth $28,000. Private Trust Co. NA acquired a new stake in shares of Simplify High Yield ETF during the fourth quarter worth $30,000. Clearstead Advisors LLC acquired a new stake in shares of Simplify High Yield ETF during the fourth quarter worth $38,000. Finally, NBC Securities Inc. acquired a new stake in shares of Simplify High Yield ETF during the fourth quarter worth $42,000.

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.