Short Interest in Simplify High Yield ETF (NYSEARCA:CDX) Decreases By 87.9%

Simplify High Yield ETF (NYSEARCA:CDX) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 901 shares, a decline of 87.9% from the August 15th total of 7,432 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 156,019 shares, the days-to-cover ratio is presently 0.0 days.

Simplify High Yield ETF Stock Performance

CDX stock traded down $0.09 during mid-day trading on Thursday, reaching $20.47. 191,431 shares of the stock traded hands, compared to its average volume of 161,704. Simplify High Yield ETF has a one year low of $20.42 and a one year high of $23.05. The stock has a market capitalization of $373.17 million, a PE ratio of 11.17 and a beta of 0.30. The business has a 50-day moving average price of $20.74 and a two-hundred day moving average price of $21.19.

Hedge Funds Weigh In On Simplify High Yield ETF

Several hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC raised its position in 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 period. Osaic Holdings Inc. lifted its stake in Simplify High Yield ETF by 94,758.3% in the second quarter. Osaic Holdings Inc. now owns 22,766 shares of the company’s stock worth $531,000 after purchasing an additional 22,742 shares during the last quarter. Orion Porfolio Solutions LLC boosted 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 valued at $519,000 after buying an additional 463 shares during the period. SFG Wealth Management LLC. purchased a new position in shares of Simplify High Yield ETF during the third quarter valued at approximately $495,000. Finally, WCG Wealth Advisors LLC bought a new position in shares of Simplify High Yield ETF during the third quarter valued at approximately $942,000.

Simplify High Yield ETF Company Profile

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.