Simplify Opportunistic Income ETF (NYSEARCA:CRDT) Short Interest Update

Simplify Opportunistic Income ETF (NYSEARCA:CRDT) saw a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 25,000 shares, an increase of 190.7% from the May 15th total of 8,600 shares. Based on an average daily trading volume, of 61,000 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.8% of the shares of the company are sold short.

Simplify Opportunistic Income ETF Trading Up 0.1%

Shares of NYSEARCA CRDT opened at $24.42 on Friday. The business has a fifty day simple moving average of $24.85 and a 200 day simple moving average of $25.21. The firm has a market capitalization of $72.04 million, a price-to-earnings ratio of 9.33 and a beta of 0.07. Simplify Opportunistic Income ETF has a one year low of $24.20 and a one year high of $25.99.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. CWM LLC acquired a new position in shares of Simplify Opportunistic Income ETF in the first quarter valued at $27,000. Jane Street Group LLC acquired a new position in shares of Simplify Opportunistic Income ETF in the first quarter valued at $408,000. Great Lakes Retirement Inc. acquired a new position in shares of Simplify Opportunistic Income ETF in the first quarter valued at $416,000. Napa Wealth Management raised its stake in shares of Simplify Opportunistic Income ETF by 38.9% in the fourth quarter. Napa Wealth Management now owns 22,321 shares of the company’s stock valued at $560,000 after purchasing an additional 6,248 shares in the last quarter. Finally, Stratos Wealth Advisors LLC acquired a new position in shares of Simplify Opportunistic Income ETF in the first quarter valued at $634,000.

Simplify Opportunistic Income ETF Company Profile

The Simplify Opportunistic Income ETF (CRDT) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that holds various fixed income securities from developed markets. The fund has no maturity and credit rating limitation CRDT was launched on Jun 26, 2023 and is managed by Simplify.