Simplify High Yield PLUS Credit Hedge ETF (NYSEARCA:CDX) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Simplify High Yield PLUS Credit Hedge ETF (NYSEARCA:CDX)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $23.40 and traded as low as $23.10. Simplify High Yield PLUS Credit Hedge ETF shares last traded at $23.18, with a volume of 12,305 shares trading hands.

Simplify High Yield PLUS Credit Hedge ETF Trading Up 0.1 %

The company has a 50 day moving average of $23.53 and a 200 day moving average of $23.40.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CDX. SFG Wealth Management LLC. purchased a new stake in shares of Simplify High Yield PLUS Credit Hedge ETF during the 2nd quarter worth $528,000. Park Edge Advisors LLC raised its stake in Simplify High Yield PLUS Credit Hedge ETF by 17.3% in the second quarter. Park Edge Advisors LLC now owns 391,785 shares of the company’s stock valued at $8,998,000 after buying an additional 57,840 shares in the last quarter. Truist Financial Corp raised its stake in Simplify High Yield PLUS Credit Hedge ETF by 1,018.0% in the second quarter. Truist Financial Corp now owns 179,277 shares of the company’s stock valued at $4,117,000 after buying an additional 163,241 shares in the last quarter. Mid American Wealth Advisory Group Inc. purchased a new stake in Simplify High Yield PLUS Credit Hedge ETF during the 3rd quarter worth about $1,512,000. Finally, AE Wealth Management LLC acquired a new position in shares of Simplify High Yield PLUS Credit Hedge ETF during the 2nd quarter worth about $402,000.

About Simplify High Yield PLUS Credit Hedge 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.