Simplify High Yield ETF (CDX) To Go Ex-Dividend on January 27th

Simplify High Yield ETF (NYSEARCA:CDX) announced a monthly dividend on Monday, January 26th. Shareholders of record on Tuesday, January 27th will be paid a dividend of 0.15 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date is Tuesday, January 27th.

Simplify High Yield ETF Stock Performance

CDX opened at $22.29 on Wednesday. The company has a market cap of $458.73 million, a PE ratio of 11.17 and a beta of 0.33. The stock has a 50-day moving average of $22.38 and a 200-day moving average of $22.71. Simplify High Yield ETF has a 52-week low of $21.77 and a 52-week high of $24.89.

Hedge Funds Weigh In On Simplify High Yield ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CDX. Orion Porfolio Solutions LLC raised its position in shares of Simplify High Yield ETF by 2.1% in the third quarter. Orion Porfolio Solutions LLC now owns 22,651 shares of the company’s stock valued at $519,000 after purchasing an additional 463 shares during the period. BayBridge Capital Group LLC grew its stake in Simplify High Yield ETF by 7.1% in the 4th quarter. BayBridge Capital Group LLC now owns 10,217 shares of the company’s stock valued at $228,000 after buying an additional 675 shares during the last quarter. Kestra Private Wealth Services LLC raised its holdings in Simplify High Yield ETF by 2.2% in the 3rd 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 during the period. Belpointe Asset Management LLC lifted its position in Simplify High Yield ETF by 9.3% during the 3rd quarter. Belpointe Asset Management LLC now owns 10,465 shares of the company’s stock worth $240,000 after acquiring an additional 890 shares during the last quarter. Finally, Heck Capital Advisors LLC lifted its position in 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 acquiring an additional 1,030 shares during the last quarter.

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.