Simplify High Yield ETF (NYSEARCA:CDX) Short Interest Up 1,570.1% in August

Simplify High Yield ETF (NYSEARCA:CDX) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 7,432 shares, an increase of 1,570.1% from the July 30th total of 445 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 117,688 shares, the short-interest ratio is presently 0.1 days.

Simplify High Yield ETF Trading Down 0.3%

CDX stock opened at $20.74 on Thursday. Simplify High Yield ETF has a one year low of $20.42 and a one year high of $23.05. The firm has a 50-day moving average of $20.87 and a two-hundred day moving average of $21.30. The firm has a market capitalization of $378.09 million, a PE ratio of 11.17 and a beta of 0.30.

Hedge Funds Weigh In On Simplify High Yield ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CDX. Altiora Financial Group LLC grew its holdings in shares of Simplify High Yield ETF by 6.9% during the fourth quarter. Altiora Financial Group LLC now owns 1,074,402 shares of the company’s stock valued at $23,927,000 after buying an additional 69,041 shares in the last quarter. Insight Wealth Strategies LLC grew its stake in Simplify High Yield ETF by 12.4% during the 2nd quarter. Insight Wealth Strategies LLC now owns 764,328 shares of the company’s stock valued at $16,013,000 after acquiring an additional 84,230 shares in the last quarter. Park Edge Advisors LLC grew its stake in Simplify High Yield ETF by 0.4% during the 1st quarter. Park Edge Advisors LLC now owns 755,936 shares of the company’s stock valued at $16,132,000 after acquiring an additional 2,849 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Simplify High Yield ETF by 3.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 386,656 shares of the company’s stock valued at $8,611,000 after purchasing an additional 12,943 shares during the period. Finally, Drive Wealth Management LLC increased its holdings in shares of Simplify High Yield ETF by 177.2% in the 4th quarter. Drive Wealth Management LLC now owns 372,252 shares of the company’s stock valued at $8,290,000 after purchasing an additional 237,952 shares during the period.

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.