Simplify High Yield ETF (NYSEARCA:CDX) Sees Significant Drop in Short Interest

Simplify High Yield ETF (NYSEARCA:CDX) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 445 shares, a drop of 97.8% from the July 15th total of 20,345 shares. Based on an average daily trading volume, of 103,675 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Simplify High Yield ETF Stock Performance

Shares of NYSEARCA CDX remained flat at $20.78 during trading on Tuesday. The stock had a trading volume of 50,883 shares, compared to its average volume of 167,204. Simplify High Yield ETF has a 1-year low of $20.42 and a 1-year high of $23.17. The firm has a market capitalization of $378.82 million, a PE ratio of 11.17 and a beta of 0.30. The stock has a 50 day simple moving average of $20.95 and a 200 day simple moving average of $21.41.

Hedge Funds Weigh In On Simplify High Yield ETF

A number of large investors have recently bought and sold shares of the business. Jane Street Group LLC lifted its holdings in shares of Simplify High Yield ETF by 222.4% in the 1st quarter. Jane Street Group LLC now owns 51,964 shares of the company’s stock worth $1,192,000 after purchasing an additional 35,846 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in shares of Simplify High Yield ETF by 94,758.3% during the second quarter. Osaic Holdings Inc. now owns 22,766 shares of the company’s stock valued at $531,000 after acquiring an additional 22,742 shares during the period. Orion Porfolio Solutions LLC grew its position in shares of Simplify High Yield ETF by 2.1% during the third quarter. Orion Porfolio Solutions LLC now owns 22,651 shares of the company’s stock worth $519,000 after acquiring an additional 463 shares during the last quarter. SFG Wealth Management LLC. acquired a new stake in shares of Simplify High Yield ETF in the 3rd quarter worth about $495,000. Finally, WCG Wealth Advisors LLC acquired a new stake in shares of Simplify High Yield ETF in the 3rd quarter worth about $942,000.

About Simplify High Yield ETF

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.