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

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

Simplify High Yield PLUS Credit Hedge ETF Trading Up 0.2 %

The company’s 50-day simple moving average is $23.01 and its two-hundred day simple moving average is $22.66.

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

Several institutional investors have recently added to or reduced their stakes in CDX. Jane Street Group LLC purchased a new stake in shares of Simplify High Yield PLUS Credit Hedge ETF in the 3rd quarter worth about $1,357,000. Envestnet Asset Management Inc. lifted its position 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. Avantax Advisory Services Inc. purchased a new stake in shares of Simplify High Yield PLUS Credit Hedge ETF in the 3rd quarter worth about $495,000. Park Edge Advisors LLC lifted its position 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. Finally, Relyea Zuckerberg Hanson LLC purchased a new stake in shares of Simplify High Yield PLUS Credit Hedge ETF in the 4th quarter worth about $210,000.

Simplify High Yield PLUS Credit Hedge 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.