Simplify High Yield ETF (NYSEARCA:CDX) Sees Significant Growth in Short Interest
by Michael Walen · The Markets DailySimplify High Yield ETF (NYSEARCA:CDX – Get Free Report) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 4,948 shares, an increase of 449.2% from the August 31st total of 901 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 92,215 shares, the short-interest ratio is presently 0.1 days.
Institutional Investors Weigh In On Simplify High Yield ETF
A number of large investors have recently bought and sold shares of CDX. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Simplify High Yield ETF by 10.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 267,497 shares of the company’s stock worth $5,650,000 after purchasing an additional 25,739 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Simplify High Yield ETF by 10.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,655,982 shares of the company’s stock worth $34,974,000 after buying an additional 159,062 shares in the last quarter. BayBridge Capital Group LLC lifted its position in Simplify High Yield ETF by 149.1% during the 2nd quarter. BayBridge Capital Group LLC now owns 25,446 shares of the company’s stock worth $537,000 after buying an additional 15,229 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in Simplify High Yield ETF during the 2nd quarter worth about $42,000. Finally, TD Waterhouse Canada Inc. increased its position in Simplify High Yield ETF by 12.1% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 54,500 shares of the company’s stock valued at $1,142,000 after acquiring an additional 5,900 shares in the last quarter.
Simplify High Yield ETF Trading Up 0.3%
Shares of Simplify High Yield ETF stock opened at $20.49 on Friday. The stock has a market capitalization of $341.16 million, a price-to-earnings ratio of 11.17 and a beta of 0.30. The firm’s 50-day moving average price is $20.65 and its two-hundred day moving average price is $21.08. Simplify High Yield ETF has a 1-year low of $20.30 and a 1-year high of $22.95.
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.