Simplify High Yield PLUS Credit Hedge ETF (NYSEARCA:CDX) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Shares of Simplify High Yield PLUS Credit Hedge ETF (NYSEARCA:CDX) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $23.40 and traded as low as $23.10. Simplify High Yield PLUS Credit Hedge ETF shares last traded at $23.18, with a volume of 12,305 shares traded.

Simplify High Yield PLUS Credit Hedge ETF Stock Performance

The business has a 50-day moving average price of $23.53 and a 200-day moving average price of $23.40.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CDX. Simplify Asset Management Inc. boosted its position in Simplify High Yield PLUS Credit Hedge ETF by 2,600.0% during the second quarter. Simplify Asset Management Inc. now owns 4,045,997 shares of the company’s stock worth $92,918,000 after acquiring an additional 3,896,143 shares during the last quarter. Truist Financial Corp raised its holdings in Simplify High Yield PLUS Credit Hedge ETF by 1,018.0% in the 2nd quarter. Truist Financial Corp now owns 179,277 shares of the company’s stock valued at $4,117,000 after buying an additional 163,241 shares during the period. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Simplify High Yield PLUS Credit Hedge ETF in the 3rd quarter worth approximately $1,512,000. Park Edge Advisors LLC boosted its position in shares of Simplify High Yield PLUS Credit Hedge ETF by 17.3% during the second quarter. Park Edge Advisors LLC now owns 391,785 shares of the company’s stock worth $8,998,000 after buying an additional 57,840 shares during the period. Finally, Centennial Wealth Advisory LLC purchased a new position in Simplify High Yield PLUS Credit Hedge ETF during the 3rd quarter valued at about $1,156,000.

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.