Short Interest in Simplify High Yield ETF (NYSEARCA:CDX) Declines By 95.5%
by Sarita Garza · The Markets DailySimplify High Yield ETF (NYSEARCA:CDX – Get Free Report) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 2,530 shares, a decline of 95.5% from the December 15th total of 56,528 shares. Based on an average trading volume of 192,118 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 192,118 shares, the days-to-cover ratio is currently 0.0 days.
Simplify High Yield ETF Price Performance
Shares of NYSEARCA:CDX remained flat at $22.30 on Wednesday. The stock had a trading volume of 80,614 shares, compared to its average volume of 173,435. The firm has a market capitalization of $451.13 million, a P/E ratio of 11.17 and a beta of 0.33. Simplify High Yield ETF has a 12 month low of $21.77 and a 12 month high of $24.89. The company’s 50 day moving average price is $22.45 and its 200-day moving average price is $22.76.
Institutional Trading of Simplify High Yield ETF
Hedge funds and other institutional investors have recently made changes to their positions in the stock. AE Wealth Management LLC increased its position in shares of Simplify High Yield ETF by 54.2% during the 2nd quarter. AE Wealth Management LLC now owns 862,680 shares of the company’s stock valued at $20,118,000 after purchasing an additional 303,406 shares during the period. Pekin Hardy Strauss Inc. acquired a new stake in shares of Simplify High Yield ETF in the second quarter valued at $2,209,000. Janney Montgomery Scott LLC bought a new position in Simplify High Yield ETF during the second quarter valued at about $1,085,000. Belpointe Asset Management LLC acquired a new position in Simplify High Yield ETF during the second quarter worth about $223,000. Finally, Steward Partners Investment Advisory LLC raised its position in Simplify High Yield ETF by 6.5% in the second quarter. Steward Partners Investment Advisory LLC now owns 84,178 shares of the company’s stock worth $1,963,000 after acquiring an additional 5,142 shares in the last quarter.
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.