Simplify High Yield ETF (NYSEARCA:CDX) Sees Large Growth in Short Interest

Simplify High Yield ETF (NYSEARCA:CDX) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 4,948 shares, an increase of 449.2% from the August 31st total of 901 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 92,215 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Simplify High Yield ETF

A number of hedge funds have recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. raised its stake in Simplify High Yield ETF by 10.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 267,497 shares of the company’s stock valued at $5,650,000 after buying an additional 25,739 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Simplify High Yield ETF by 10.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,655,982 shares of the company’s stock worth $34,974,000 after buying an additional 159,062 shares in the last quarter. BayBridge Capital Group LLC increased its position in shares of Simplify High Yield ETF by 149.1% during the 2nd quarter. BayBridge Capital Group LLC now owns 25,446 shares of the company’s stock valued at $537,000 after purchasing an additional 15,229 shares during the period. Ameritas Advisory Services LLC bought a new stake in shares of Simplify High Yield ETF in the 2nd quarter worth approximately $42,000. Finally, TD Waterhouse Canada Inc. raised its position in shares of Simplify High Yield ETF by 12.1% during the second quarter. TD Waterhouse Canada Inc. now owns 54,500 shares of the company’s stock worth $1,142,000 after purchasing an additional 5,900 shares during the period.

Simplify High Yield ETF Trading Down 0.5%

Shares of Simplify High Yield ETF stock traded down $0.10 during trading hours on Friday, reaching $20.39. The stock had a trading volume of 242,189 shares, compared to its average volume of 159,761. Simplify High Yield ETF has a 1 year low of $20.23 and a 1 year high of $22.95. The firm has a 50 day simple moving average of $20.64 and a two-hundred day simple moving average of $21.08. The firm has a market capitalization of $339.49 million, a price-to-earnings ratio of 11.17 and a beta of 0.30.

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.