Simplify Opportunistic Income ETF (NYSEARCA:CRDT) Short Interest Update

Simplify Opportunistic Income ETF (NYSEARCA:CRDT) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totaling 3,342 shares, a drop of 59.7% from the May 31st total of 8,296 shares. Based on an average daily trading volume, of 3,462 shares, the short-interest ratio is presently 1.0 days. Currently, 0.2% of the company’s stock are sold short.

Simplify Opportunistic Income ETF Stock Up 0.4%

CRDT stock traded up $0.09 during mid-day trading on Monday, reaching $23.45. 1,344 shares of the company traded hands, compared to its average volume of 12,740. The stock has a market cap of $37.99 million, a price-to-earnings ratio of 9.33 and a beta of 0.15. Simplify Opportunistic Income ETF has a fifty-two week low of $21.69 and a fifty-two week high of $24.32. The firm’s 50 day moving average price is $23.27 and its 200 day moving average price is $23.18.

Hedge Funds Weigh In On Simplify Opportunistic Income ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. purchased a new position in Simplify Opportunistic Income ETF in the third quarter worth $1,486,000. Continuum Advisory LLC grew its position in shares of Simplify Opportunistic Income ETF by 11.8% during the 1st quarter. Continuum Advisory LLC now owns 431,710 shares of the company’s stock valued at $9,726,000 after acquiring an additional 45,466 shares during the period. Jane Street Group LLC purchased a new stake in shares of Simplify Opportunistic Income ETF during the 1st quarter worth approximately $408,000. Focus Partners Wealth purchased a new stake in shares of Simplify Opportunistic Income ETF during the 4th quarter worth approximately $6,442,000. Finally, Cresset Asset Management LLC raised its holdings in shares of Simplify Opportunistic Income ETF by 2.5% in the 3rd quarter. Cresset Asset Management LLC now owns 30,852 shares of the company’s stock worth $730,000 after purchasing an additional 744 shares during the period.

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.