Simplify High Yield PLUS Credit Hedge ETF (NYSEARCA:CDX) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

Shares of Simplify High Yield PLUS Credit Hedge ETF (NYSEARCA:CDX) crossed 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 traded.

Simplify High Yield PLUS Credit Hedge ETF Price Performance

The stock’s 50-day moving average is $23.50 and its 200-day moving average is $23.40.

Institutional Trading of Simplify High Yield PLUS Credit Hedge ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. AE Wealth Management LLC acquired a new position in Simplify High Yield PLUS Credit Hedge ETF during the second quarter valued at approximately $402,000. Napa Wealth Management acquired a new position in Simplify High Yield PLUS Credit Hedge ETF during the 3rd quarter worth $433,000. SFG Wealth Management LLC. bought a new stake in Simplify High Yield PLUS Credit Hedge ETF during the second quarter valued at about $528,000. Orion Portfolio Solutions LLC grew its position in shares of 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 purchasing an additional 6,320 shares during the last quarter. Finally, Centennial Wealth Advisory LLC acquired a new stake in shares of Simplify High Yield PLUS Credit Hedge ETF in the third 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.