Simplify High Yield PLUS Credit Hedge ETF (NYSEARCA:CDX) Short Interest Down 79.3% in May

Simplify High Yield PLUS Credit Hedge ETF (NYSEARCA:CDX) was the recipient of a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 54,800 shares, a decline of 79.3% from the May 15th total of 265,300 shares. Based on an average daily volume of 168,800 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.6% of the shares of the company are sold short.

Simplify High Yield PLUS Credit Hedge ETF Price Performance

CDX stock opened at $23.04 on Thursday. The company has a fifty day moving average price of $23.10 and a two-hundred day moving average price of $22.80. Simplify High Yield PLUS Credit Hedge ETF has a one year low of $21.34 and a one year high of $25.59. The stock has a market cap of $199.30 million, a price-to-earnings ratio of 11.17 and a beta of 0.37.

Hedge Funds Weigh In On Simplify High Yield PLUS Credit Hedge ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Truist Financial Corp lifted its holdings in shares of Simplify High Yield PLUS Credit Hedge ETF by 17.5% during the fourth quarter. Truist Financial Corp now owns 239,171 shares of the company’s stock worth $5,216,000 after buying an additional 35,660 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Simplify High Yield PLUS Credit Hedge ETF by 32.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 82,930 shares of the company’s stock worth $1,809,000 after buying an additional 20,263 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Simplify High Yield PLUS Credit Hedge ETF by 3.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 175,977 shares of the company’s stock worth $3,838,000 after buying an additional 6,429 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Simplify High Yield PLUS Credit Hedge ETF by 25.2% during the fourth quarter. LPL Financial LLC now owns 25,853 shares of the company’s stock worth $564,000 after buying an additional 5,196 shares in the last quarter. Finally, Summit Financial LLC acquired a new stake in shares of Simplify High Yield PLUS Credit Hedge ETF during the fourth quarter worth $383,000.

Simplify High Yield PLUS Credit Hedge 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.