Simplify High Yield ETF (NYSEARCA:CDX – Get Free Report) saw a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 4,053 shares, a decline of 97.5% from the October 15th total of 161,257 shares. Based on an average trading volume of 94,216 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.
Institutional Investors Weigh In On Simplify High Yield ETF
Institutional investors and hedge funds have recently modified their holdings of the company. Ameritas Advisory Services LLC acquired a new position in Simplify High Yield ETF in the 2nd quarter worth approximately $42,000. Western Wealth Management LLC purchased a new position in Simplify High Yield ETF during the 1st quarter worth approximately $62,000. Mather Group LLC. acquired a new stake in Simplify High Yield ETF during the 3rd quarter valued at approximately $172,000. MFG Investments LLC acquired a new stake in Simplify High Yield ETF during the 3rd quarter valued at approximately $256,000. Finally, Park Avenue Securities LLC purchased a new stake in shares of Simplify High Yield ETF in the 3rd quarter valued at $309,000.
Simplify High Yield ETF Price Performance
Simplify High Yield ETF stock traded down $0.25 during trading hours on Tuesday, hitting $19.83. 94,640 shares of the stock traded hands, compared to its average volume of 161,523. The firm’s 50 day moving average price is $20.31 and its 200-day moving average price is $21.08. The stock has a market capitalization of $299.43 million, a price-to-earnings ratio of 11.17 and a beta of 0.30. Simplify High Yield ETF has a 1 year low of $19.65 and a 1 year high of $22.88.
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.
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