Simplify High Yield PLUS Credit Hedge ETF (NYSEARCA:CDX) Holdings Boosted by Simplify Asset Management Inc.

Simplify Asset Management Inc. lifted its stake in shares of Simplify High Yield PLUS Credit Hedge ETF (NYSEARCA:CDX) by 2,600.0% in the second quarter, Holdings Channel reports. The firm owned 4,045,997 shares of the company’s stock after buying an additional 3,896,143 shares during the period. Simplify High Yield PLUS Credit Hedge ETF accounts for about 6.2% of Simplify Asset Management Inc.’s investment portfolio, making the stock its 5th largest position. Simplify Asset Management Inc. owned approximately 0.87% of Simplify High Yield PLUS Credit Hedge ETF worth $92,918,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of CDX. Park Edge Advisors LLC boosted its holdings in Simplify High Yield PLUS Credit Hedge ETF by 231.6% in the 1st quarter. Park Edge Advisors LLC now owns 333,945 shares of the company’s stock worth $7,655,000 after buying an additional 233,241 shares during the last quarter. SFG Wealth Management LLC. purchased a new position in shares of Simplify High Yield PLUS Credit Hedge ETF in the second quarter valued at approximately $528,000. Avantax Advisory Services Inc. boosted its stake in shares of Simplify High Yield PLUS Credit Hedge ETF by 20.1% in the first quarter. Avantax Advisory Services Inc. now owns 43,088 shares of the company’s stock worth $988,000 after acquiring an additional 7,200 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in shares of Simplify High Yield PLUS Credit Hedge ETF by 2.8% during the second quarter. Commonwealth Equity Services LLC now owns 166,715 shares of the company’s stock worth $3,829,000 after purchasing an additional 4,487 shares in the last quarter.

Simplify High Yield PLUS Credit Hedge ETF Stock Performance

Shares of CDX stock opened at $23.89 on Friday. Simplify High Yield PLUS Credit Hedge ETF has a fifty-two week low of $21.34 and a fifty-two week high of $25.59. The stock’s fifty day moving average is $23.63 and its two-hundred day moving average is $23.22.

Simplify High Yield PLUS Credit Hedge ETF 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.