Simplify High Yield PLUS Credit Hedge ETF
CDX

$23.21

0.99%

Market Cap: 159M

Funds holding %

of 6,702 funds

–

Analysts bullish %

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

500% more repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 1

200% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 1

100% more funds holding in top 10

Funds holding in top 10: 0 [Q4 2023] → 1 (+1) [Q1 2024]

32% more capital invested

Capital invested by funds: $12.8M [Q4 2023] → $16.9M (+$4.08M) [Q1 2024]

25% more funds holding

Funds holding: 8 [Q4 2023] → 10 (+2) [Q1 2024]

4.29% more ownership

Funds ownership: 22.06% [Q4 2023] → 26.35% (+4.29%) [Q1 2024]

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Research analyst outlook

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

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Financial journalist opinion

Negative

Seeking Alpha

1 month 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.

Neutral

Business Wire

7 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.

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Simplify High Yield PLUS Credit Hedge ETFCDX