Simplify High Yield ETF (NYSEARCA:CDX) Sees Large Increase in Short Interest
by Scott Moore · The Cerbat GemSimplify High Yield ETF (NYSEARCA:CDX – Get Free Report) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 14,037 shares, a growth of 148.5% from the April 15th total of 5,649 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 141,315 shares, the short-interest ratio is currently 0.1 days.
Simplify High Yield ETF Price Performance
Shares of CDX stock traded down $0.06 on Friday, hitting $21.21. 140,118 shares of the stock traded hands, compared to its average volume of 179,917. The firm has a market cap of $444.35 million, a price-to-earnings ratio of 11.17 and a beta of 0.31. Simplify High Yield ETF has a 52 week low of $21.16 and a 52 week high of $23.38. The firm has a 50 day simple moving average of $21.52 and a two-hundred day simple moving average of $22.06.
Institutional Trading of Simplify High Yield ETF
Several institutional investors and hedge funds have recently modified their holdings of the company. Altiora Financial Group LLC increased its holdings in Simplify High Yield ETF by 301.5% in the 3rd quarter. Altiora Financial Group LLC now owns 1,005,361 shares of the company’s stock valued at $23,033,000 after acquiring an additional 754,944 shares during the last quarter. Cooper Financial Group bought a new stake in Simplify High Yield ETF in the 4th quarter valued at $669,000. Park Edge Advisors LLC increased its holdings in Simplify High Yield ETF by 4.7% in the 4th quarter. Park Edge Advisors LLC now owns 753,087 shares of the company’s stock valued at $16,771,000 after acquiring an additional 34,075 shares during the last quarter. Prevail Innovative Wealth Advisors LLC bought a new stake in Simplify High Yield ETF in the 3rd quarter valued at $763,000. Finally, Retirement Planning Group LLC bought a new stake in Simplify High Yield ETF in the 3rd quarter valued at $854,000.
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.