CDX stock icon

Simplify High Yield PLUS Credit Hedge ETF
CDX

$23.94
0.25%

Market Cap: $118M

0
Funds holding %
of 6,710 funds
–
Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

590% more capital invested

Capital invested by funds: $16.9M [Q1] → $117M (+$99.8M) [Q2]

300% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 2

150% more repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 2

100% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 2 (+1) [Q2]

60% more funds holding

Funds holding: 10 [Q1] → 16 (+6) [Q2]

48.55% more ownership

Funds ownership: 26.35% [Q1] → 74.9% (+48.55%) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for CDX.

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Financial journalist opinion

Neutral
Seeking Alpha
2 weeks ago
Credit Hedging Done Right: CDX Outperforms With Defense
The credit risk in high yield bonds tends to have more volatility and credit spreads can widen swiftly during periods of market stress, wiping out income quickly. CDX deploys credit hedging techniques to mitigate credit risk. CDX has the ability to deploy credit hedges with a direct tie to credit markets, like CDS, CDX and CDX options.
Credit Hedging Done Right: CDX Outperforms With Defense
Positive
ETF Trends
3 weeks ago
High Yield Bond ETFs Have New Asset Leader
The U.S. high yield bond ETF category has a new asset leader. The iShares Broad USD High Yield Corporate Bond ETF (USHY) is now the largest high yield bond ETF in the market, with assets totaling $15.9 billion as of Aug.15.
High Yield Bond ETFs Have New Asset Leader
Negative
Seeking Alpha
2 months ago
CDX: If You Want To Buy High Yield Here, Buy It Hedged
CDX outperformed competitors HYG and JNK in the past year from a total return perspective, and with a better drawdown profile. CDX utilizes put spreads on the S&P 500 to hedge downside moves, providing insurance against market losses. The fund offers a lower drawdown in a market sell-off due to its embedded hedge profile and put spreads, making it a smart choice for investors.
CDX: If You Want To Buy High Yield Here, Buy It Hedged
Neutral
Business Wire
8 months ago
Simplify Provides Estimated Capital Gain Distribution Information for 2023
NEW YORK--(BUSINESS WIRE)--Simplify announced today that it expects to deliver capital gains distributions across six Simplify ETFs.
Simplify Provides Estimated Capital Gain Distribution Information for 2023
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