Simplify High Yield PLUS Credit Hedge ETF (NYSEARCA:CDX) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Shares of Simplify High Yield PLUS Credit Hedge ETF (NYSEARCA:CDX) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-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.

Simplify High Yield PLUS Credit Hedge ETF Stock Performance

The stock’s 50 day simple moving average is $23.50 and its two-hundred day simple moving average is $23.40.

Hedge Funds Weigh In On Simplify High Yield PLUS Credit Hedge ETF

Institutional investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its stake in shares of Simplify High Yield PLUS Credit Hedge ETF by 2.8% during the 2nd 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 during the last quarter. Orion Portfolio Solutions LLC raised its stake in Simplify High Yield PLUS Credit Hedge ETF by 20.1% in the third quarter. Orion Portfolio Solutions LLC now owns 37,699 shares of the company’s stock valued at $895,000 after buying an additional 6,320 shares during the period. AE Wealth Management LLC acquired a new stake in shares of Simplify High Yield PLUS Credit Hedge ETF in the second quarter valued at approximately $402,000. Napa Wealth Management bought a new position in shares of Simplify High Yield PLUS Credit Hedge ETF during the 3rd quarter worth approximately $433,000. Finally, SFG Wealth Management LLC. acquired a new position in shares of Simplify High Yield PLUS Credit Hedge ETF during the 2nd quarter worth approximately $528,000.

About Simplify High Yield PLUS Credit Hedge ETF

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.