Simplify Opportunistic Income ETF (NYSEARCA:CRDT) Sees Large Increase in Short Interest

Simplify Opportunistic Income ETF (NYSEARCA:CRDT) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 1,484 shares, an increase of 1,249.1% from the April 30th total of 110 shares. Based on an average daily trading volume, of 13,080 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Simplify Opportunistic Income ETF Price Performance

Shares of NYSEARCA CRDT traded up $0.08 during mid-day trading on Wednesday, hitting $23.26. The company had a trading volume of 2,836 shares, compared to its average volume of 14,927. The business’s 50-day simple moving average is $22.90 and its 200-day simple moving average is $23.17. Simplify Opportunistic Income ETF has a 12 month low of $21.69 and a 12 month high of $24.65. The firm has a market cap of $37.68 million, a P/E ratio of 9.33 and a beta of 0.13.

Institutional Investors Weigh In On Simplify Opportunistic Income ETF

Hedge funds have recently made changes to their positions in the stock. Kingdom Financial Group LLC. bought a new stake in shares of Simplify Opportunistic Income ETF in the fourth quarter valued at about $56,000. Lloyd Advisory Services LLC. bought a new stake in shares of Simplify Opportunistic Income ETF in the fourth quarter valued at about $141,000. Flow Traders U.S. LLC bought a new stake in shares of Simplify Opportunistic Income ETF in the third quarter valued at about $386,000. Jane Street Group LLC bought a new stake in shares of Simplify Opportunistic Income ETF in the first quarter valued at about $408,000. Finally, Principal Securities Inc. lifted its stake in shares of Simplify Opportunistic Income ETF by 7.1% in the fourth quarter. Principal Securities Inc. now owns 23,703 shares of the company’s stock valued at $553,000 after buying an additional 1,573 shares during the period.

Simplify Opportunistic Income ETF Company Profile

The Simplify Opportunistic Income ETF (CRDT) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that holds various fixed income securities from developed markets. The fund has no maturity and credit rating limitation CRDT was launched on Jun 26, 2023 and is managed by Simplify.