Simplify Opportunistic Income ETF (NYSEARCA:CRDT) Sees Large Increase in Short Interest

Simplify Opportunistic Income ETF (NYSEARCA:CRDT) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,484 shares, an increase of 1,249.1% from the April 30th total of 110 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 13,080 shares, the days-to-cover ratio is presently 0.1 days.

Simplify Opportunistic Income ETF Stock Performance

Shares of NYSEARCA:CRDT traded up $0.08 during midday trading on Wednesday, hitting $23.26. The company’s stock had a trading volume of 2,836 shares, compared to its average volume of 14,927. The stock has a market capitalization of $37.68 million, a price-to-earnings ratio of 9.33 and a beta of 0.13. The stock’s 50 day simple moving average is $22.90 and its 200 day simple moving average is $23.17. Simplify Opportunistic Income ETF has a fifty-two week low of $21.69 and a fifty-two week high of $24.65.

Institutional Investors Weigh In On Simplify Opportunistic Income ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. acquired a new stake in shares of Simplify Opportunistic Income ETF in the third quarter valued at about $1,486,000. Cresset Asset Management LLC lifted its stake in shares of Simplify Opportunistic Income ETF by 2.5% in the third quarter. Cresset Asset Management LLC now owns 30,852 shares of the company’s stock valued at $730,000 after buying an additional 744 shares during the period. Ascension Capital Advisors Inc. lifted its stake in shares of Simplify Opportunistic Income ETF by 0.7% in the third quarter. Ascension Capital Advisors Inc. now owns 614,990 shares of the company’s stock valued at $14,551,000 after buying an additional 4,210 shares during the period. Wealthcare Advisory Partners LLC lifted its stake in shares of Simplify Opportunistic Income ETF by 12.4% in the third quarter. Wealthcare Advisory Partners LLC now owns 128,507 shares of the company’s stock valued at $3,040,000 after buying an additional 14,176 shares during the period. Finally, Authentikos Wealth Advisory LLC lifted its stake in shares of Simplify Opportunistic Income ETF by 8.1% in the third quarter. Authentikos Wealth Advisory LLC now owns 195,072 shares of the company’s stock valued at $4,615,000 after buying an additional 14,599 shares during the period.

Simplify Opportunistic Income ETF Company Profile

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.