Short Interest in Simplify High Yield ETF (NYSEARCA:CDX) Declines By 97.2%
by Doug Wharley · The Cerbat GemSimplify High Yield ETF (NYSEARCA:CDX – Get Free Report) saw a significant drop in short interest in April. As of April 15th, there was short interest totaling 5,649 shares, a drop of 97.2% from the March 31st total of 201,260 shares. Based on an average daily trading volume, of 131,547 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.
Simplify High Yield ETF Stock Up 0.6%
Simplify High Yield ETF stock traded up $0.14 during midday trading on Friday, reaching $21.69. The company’s stock had a trading volume of 62,023 shares, compared to its average volume of 187,111. Simplify High Yield ETF has a fifty-two week low of $21.16 and a fifty-two week high of $23.56. The company has a market cap of $454.41 million, a P/E ratio of 11.17 and a beta of 0.33. The business has a 50-day simple moving average of $21.70 and a 200-day simple moving average of $22.20.
Simplify High Yield ETF Dividend Announcement
The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Tuesday, February 24th were paid a $0.15 dividend. The ex-dividend date was Tuesday, February 24th. This represents a c) dividend on an annualized basis and a yield of 8.3%.
Institutional Trading of Simplify High Yield ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Orion Porfolio Solutions LLC raised its stake in Simplify High Yield ETF by 2.1% in 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 in the last quarter. BayBridge Capital Group LLC raised its stake in Simplify High Yield ETF by 7.1% in the fourth quarter. BayBridge Capital Group LLC now owns 10,217 shares of the company’s stock valued at $228,000 after buying an additional 675 shares in the last quarter. Kestra Private Wealth Services LLC raised its stake in Simplify High Yield ETF by 2.2% in the third quarter. Kestra Private Wealth Services LLC now owns 36,154 shares of the company’s stock valued at $828,000 after buying an additional 795 shares in the last quarter. Belpointe Asset Management LLC increased its position in shares of Simplify High Yield ETF by 9.3% during the third quarter. Belpointe Asset Management LLC now owns 10,465 shares of the company’s stock worth $240,000 after purchasing an additional 890 shares in the last quarter. Finally, Heck Capital Advisors LLC increased its position in shares of Simplify High Yield ETF by 8.6% during the fourth quarter. Heck Capital Advisors LLC now owns 12,975 shares of the company’s stock worth $289,000 after purchasing an additional 1,030 shares in the last quarter.
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.