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

Simplify High Yield ETF (NYSEARCA:CDX) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 102,100 shares, agrowthof112.7% from the July 15th total of 48,000 shares. Approximately0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 256,500 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 256,500 shares, the short-interest ratio is presently 0.4 days. Approximately0.8% of the shares of the stock are sold short.

Simplify High Yield ETF Stock Up 0.3%

Shares of NYSEARCA:CDX opened at $23.04 on Friday. The company has a market cap of $297.91 million, a P/E ratio of 11.17 and a beta of 0.42. The business has a fifty day simple moving average of $23.09 and a 200-day simple moving average of $22.99. Simplify High Yield ETF has a 52 week low of $21.57 and a 52 week high of $24.89.

Institutional Trading of Simplify High Yield ETF

A number of institutional investors and hedge funds have recently made changes to their positions in CDX. Beacon Capital Management LLC purchased a new position in Simplify High Yield ETF in the second quarter valued at approximately $41,000. TD Waterhouse Canada Inc. acquired a new stake in shares of Simplify High Yield ETF in the second quarter worth $44,000. PNC Financial Services Group Inc. purchased a new position in shares of Simplify High Yield ETF in the 2nd quarter valued at $49,000. Ameritas Advisory Services LLC acquired a new position in shares of Simplify High Yield ETF during the 2nd quarter valued at $53,000. Finally, Heck Capital Advisors LLC purchased a new stake in Simplify High Yield ETF during the 2nd quarter worth $223,000.

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.