Simplify High Yield ETF (NYSEARCA:CDX) Short Interest Up 98.9% in January

Simplify High Yield ETF (NYSEARCA:CDX) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 5,033 shares, a growth of 98.9% from the December 31st total of 2,530 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 164,579 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 164,579 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Hedge Funds Weigh In On Simplify High Yield ETF

Several large investors have recently made changes to their positions in the business. Kestra Private Wealth Services LLC raised its stake in Simplify High Yield ETF by 5.6% during the 4th quarter. Kestra Private Wealth Services LLC now owns 38,161 shares of the company’s stock valued at $850,000 after purchasing an additional 2,007 shares during the last quarter. Almanack Investment Partners LLC. increased its stake in shares of Simplify High Yield ETF by 76.1% in the fourth quarter. Almanack Investment Partners LLC. now owns 19,174 shares of the company’s stock valued at $427,000 after buying an additional 8,287 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of Simplify High Yield ETF in the fourth quarter valued at approximately $42,000. TD Waterhouse Canada Inc. increased its position in Simplify High Yield ETF by 32.8% in the fourth quarter. TD Waterhouse Canada Inc. now owns 30,400 shares of the company’s stock worth $676,000 after purchasing an additional 7,500 shares during the period. Finally, AE Wealth Management LLC grew its holdings in Simplify High Yield ETF by 16.8% during the 4th quarter. AE Wealth Management LLC now owns 1,216,909 shares of the company’s stock worth $27,101,000 after acquiring an additional 174,686 shares during the period.

Simplify High Yield ETF Price Performance

Simplify High Yield ETF stock traded down $0.09 during trading hours on Friday, hitting $22.14. The company had a trading volume of 189,510 shares, compared to its average volume of 285,026. Simplify High Yield ETF has a fifty-two week low of $21.77 and a fifty-two week high of $24.89. The firm’s fifty day moving average is $22.35 and its 200-day moving average is $22.69. The firm has a market capitalization of $489.29 million, a P/E ratio of 11.17 and a beta of 0.33.

Simplify High Yield ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Tuesday, January 27th were given a $0.15 dividend. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend was Tuesday, January 27th.

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.