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

Simplify High Yield ETF (NYSEARCA:CDX) saw a large decline in short interest in July. As of July 31st, there was short interest totaling 445 shares, a decline of 97.8% from the July 15th total of 20,345 shares. Based on an average daily trading volume, of 103,675 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Simplify High Yield ETF Stock Up 0.3%

Shares of Simplify High Yield ETF stock traded up $0.06 during mid-day trading on Thursday, reaching $20.89. 26,858 shares of the stock traded hands, compared to its average volume of 165,635. The stock has a market capitalization of $380.82 million, a PE ratio of 11.17 and a beta of 0.30. The business has a 50-day moving average of $20.94 and a 200 day moving average of $21.40. Simplify High Yield ETF has a fifty-two week low of $20.42 and a fifty-two week high of $23.14.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Meridian Wealth Management LLC purchased a new position in shares of Simplify High Yield ETF in the fourth quarter worth about $7,109,000. WCG Wealth Advisors LLC grew its stake in Simplify High Yield ETF by 275.0% during the 4th quarter. WCG Wealth Advisors LLC now owns 154,152 shares of the company’s stock valued at $3,433,000 after acquiring an additional 113,040 shares in the last quarter. AE Wealth Management LLC grew its stake in Simplify High Yield ETF by 16.8% during the 4th quarter. AE Wealth Management LLC now owns 1,216,909 shares of the company’s stock valued at $27,101,000 after acquiring an additional 174,686 shares in the last quarter. SlateStone Wealth LLC raised its holdings in Simplify High Yield ETF by 18.2% in the 4th quarter. SlateStone Wealth LLC now owns 194,553 shares of the company’s stock valued at $4,333,000 after acquiring an additional 29,991 shares during the last quarter. Finally, Prevail Innovative Wealth Advisors LLC raised its holdings in Simplify High Yield ETF by 195.9% in the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 98,609 shares of the company’s stock valued at $2,196,000 after acquiring an additional 65,284 shares during the last quarter.

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.