Simplify High Yield ETF (NYSEARCA:CDX – Get Free Report) saw a large growth in short interest in April. As of April 30th, there was short interest totaling 14,037 shares, a growth of 148.5% from the April 15th total of 5,649 shares. Based on an average daily trading volume, of 141,315 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of CDX. Wells Fargo & Company MN bought a new position in Simplify High Yield ETF in the fourth quarter valued at about $27,000. Arax Advisory Partners bought a new position in Simplify High Yield ETF in the fourth quarter valued at about $28,000. Private Trust Co. NA bought a new position in Simplify High Yield ETF in the 4th quarter valued at approximately $30,000. Clearstead Advisors LLC bought a new position in Simplify High Yield ETF in the 4th quarter valued at approximately $38,000. Finally, NBC Securities Inc. bought a new position in Simplify High Yield ETF in the 4th quarter valued at approximately $42,000.
Simplify High Yield ETF Trading Down 0.3%
NYSEARCA:CDX traded down $0.06 on Friday, hitting $21.21. The company had a trading volume of 140,118 shares, compared to its average volume of 179,917. The stock has a market capitalization of $444.35 million, a price-to-earnings ratio of 11.17 and a beta of 0.31. The firm has a 50 day moving average of $21.52 and a two-hundred day moving average of $22.06. Simplify High Yield ETF has a 52 week low of $21.16 and a 52 week high of $23.38.
Simplify High Yield ETF Company Profile
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.
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