Simplify High Yield ETF (NYSEARCA:CDX) Short Interest Update

Simplify High Yield ETF (NYSEARCA:CDX) saw a significant decrease in short interest in May. As of May 15th, there was short interest totaling 1,161 shares, a decrease of 91.7% from the April 30th total of 14,037 shares. Based on an average daily volume of 107,500 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Simplify High Yield ETF Stock Down 0.0%

NYSEARCA:CDX traded down $0.01 during trading hours on Wednesday, reaching $21.18. 141,504 shares of the stock were exchanged, compared to its average volume of 181,372. The business has a 50-day moving average of $21.45 and a two-hundred day moving average of $21.98. Simplify High Yield ETF has a twelve month low of $21.07 and a twelve month high of $23.38. The company has a market capitalization of $443.72 million, a price-to-earnings ratio of 11.17 and a beta of 0.31.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN acquired a new position in Simplify High Yield ETF during the fourth quarter worth $27,000. Arax Advisory Partners purchased a new position in Simplify High Yield ETF in the fourth quarter valued at $28,000. Private Trust Co. NA purchased a new position in Simplify High Yield ETF in the fourth quarter valued at $30,000. Clearstead Advisors LLC acquired a new position in Simplify High Yield ETF during the 4th quarter worth $38,000. Finally, NBC Securities Inc. acquired a new position in Simplify High Yield ETF during the 4th quarter worth $42,000.

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.