Simplify Opportunistic Income ETF (NYSEARCA:CRDT) Short Interest Up 1,153.6% in August

Simplify Opportunistic Income ETF (NYSEARCA:CRDT) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 1,216 shares, an increase of 1,153.6% from the August 15th total of 97 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 2,884 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On Simplify Opportunistic Income ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Ascension Capital Advisors Inc. raised its position in shares of Simplify Opportunistic Income ETF by 0.5% in the first quarter. Ascension Capital Advisors Inc. now owns 639,001 shares of the company’s stock valued at $14,396,000 after buying an additional 3,087 shares during the last quarter. Continuum Advisory LLC grew its stake in Simplify Opportunistic Income ETF by 3.3% in the 2nd quarter. Continuum Advisory LLC now owns 446,026 shares of the company’s stock worth $10,493,000 after acquiring an additional 14,316 shares during the period. Focus Partners Wealth purchased a new stake in Simplify Opportunistic Income ETF in the 4th quarter worth approximately $6,442,000. JPMorgan Chase & Co. purchased a new stake in Simplify Opportunistic Income ETF in the 3rd quarter worth approximately $1,486,000. Finally, Sunbelt Securities Inc. raised its holdings in Simplify Opportunistic Income ETF by 317.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 33,161 shares of the company’s stock valued at $785,000 after acquiring an additional 25,216 shares during the last quarter.

Simplify Opportunistic Income ETF Stock Performance

Simplify Opportunistic Income ETF stock traded down $0.41 during midday trading on Thursday, reaching $22.39. 2,474 shares of the company were exchanged, compared to its average volume of 10,959. The firm’s 50-day simple moving average is $23.30 and its 200-day simple moving average is $23.15. Simplify Opportunistic Income ETF has a 1 year low of $21.69 and a 1 year high of $24.02. The company has a market capitalization of $34.70 million, a price-to-earnings ratio of 9.33 and a beta of 0.15.

About Simplify Opportunistic Income ETF

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.