Simplify High Yield PLUS Credit Hedge ETF (NYSEARCA:CDX) Trading Up 0.2%

Simplify High Yield PLUS Credit Hedge ETF (NYSEARCA:CDX) traded up 0.2% on Friday . The stock traded as high as $22.81 and last traded at $22.76. 18,168 shares traded hands during trading, a decline of 65% from the average session volume of 52,548 shares. The stock had previously closed at $22.71.

Simplify High Yield PLUS Credit Hedge ETF Stock Performance

The company has a 50-day moving average of $23.01 and a two-hundred day moving average of $22.66.

Institutional Investors Weigh In On Simplify High Yield PLUS Credit Hedge ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its holdings in shares of Simplify High Yield PLUS Credit Hedge ETF by 23.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 14,775 shares of the company’s stock worth $324,000 after purchasing an additional 2,769 shares during the period. Steward Partners Investment Advisory LLC purchased a new position in shares of Simplify High Yield PLUS Credit Hedge ETF in the 4th quarter worth about $148,000. Relyea Zuckerberg Hanson LLC purchased a new position in shares of Simplify High Yield PLUS Credit Hedge ETF in the 4th quarter worth about $210,000. Avantax Advisory Services Inc. raised its holdings in shares of Simplify High Yield PLUS Credit Hedge ETF by 56.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 35,888 shares of the company’s stock worth $819,000 after purchasing an additional 12,974 shares during the period. Finally, Park Edge Advisors LLC raised its holdings in shares of Simplify High Yield PLUS Credit Hedge ETF by 30.4% in the 4th quarter. Park Edge Advisors LLC now owns 100,704 shares of the company’s stock worth $2,298,000 after purchasing an additional 23,479 shares during the period.

About Simplify High Yield PLUS Credit Hedge 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.