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

Simplify High Yield ETF (NYSEARCA:CDX) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 4,948 shares, an increase of 449.2% from the August 31st total of 901 shares. Based on an average daily trading volume, of 92,215 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Simplify High Yield ETF Stock Performance

Shares of CDX opened at $20.49 on Friday. The business’s fifty day moving average price is $20.65 and its two-hundred day moving average price is $21.08. The firm has a market capitalization of $341.16 million, a price-to-earnings ratio of 11.17 and a beta of 0.30. Simplify High Yield ETF has a 52 week low of $20.30 and a 52 week high of $22.95.

Hedge Funds Weigh In On Simplify High Yield ETF

Hedge funds have recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. lifted its position in Simplify High Yield ETF by 10.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 267,497 shares of the company’s stock valued at $5,650,000 after purchasing an additional 25,739 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Simplify High Yield ETF by 10.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,655,982 shares of the company’s stock worth $34,974,000 after buying an additional 159,062 shares during the period. BayBridge Capital Group LLC grew its position in shares of Simplify High Yield ETF by 149.1% during the 2nd quarter. BayBridge Capital Group LLC now owns 25,446 shares of the company’s stock worth $537,000 after buying an additional 15,229 shares during the period. Ameritas Advisory Services LLC acquired a new stake in shares of Simplify High Yield ETF during the 2nd quarter worth approximately $42,000. Finally, TD Waterhouse Canada Inc. raised its stake in shares of Simplify High Yield ETF by 12.1% during the second quarter. TD Waterhouse Canada Inc. now owns 54,500 shares of the company’s stock worth $1,142,000 after buying an additional 5,900 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.