Simplify Opportunistic Income ETF (NYSEARCA:CRDT) Shares Shorted: Short Interest Down 99.4% in September

Simplify Opportunistic Income ETF (NYSEARCA:CRDT) saw a large decline in short interest in September. As of September 15th, there was short interest totaling 7 shares, a decline of 99.4% from the August 31st total of 1,216 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 2,359 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Simplify Opportunistic Income ETF stock. Continuum Advisory LLC lifted its position in shares of Simplify Opportunistic Income ETF (NYSEARCA:CRDT) by 3.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 446,026 shares of the company’s stock after acquiring an additional 14,316 shares during the period. Simplify Opportunistic Income ETF makes up approximately 0.8% of Continuum Advisory LLC’s portfolio, making the stock its 23rd largest position. Continuum Advisory LLC owned approximately 28.78% of Simplify Opportunistic Income ETF worth $10,493,000 at the end of the most recent quarter.

Simplify Opportunistic Income ETF Stock Performance

Shares of CRDT stock opened at $21.40 on Friday. The company has a market capitalization of $28.89 million, a price-to-earnings ratio of 9.33 and a beta of 0.15. Simplify Opportunistic Income ETF has a one year low of $21.34 and a one year high of $23.98. The company’s 50-day moving average is $23.00 and its 200 day moving average is $23.06.

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.