(CDX) Simplify Exchange Traded - Ratings and Ratios

The Simplify Exchange Traded Funds (NYSE ARCA:CDX) is a high-yield bond ETF that seeks to generate returns by primarily investing in high-yield corporate bonds, commonly referred to as junk bonds. The fund employs a credit hedge derivatives strategy to mitigate potential losses, balancing risk and return. Under normal market conditions, the ETF allocates at least 80% of its net assets to high-yield securities, with the remaining 20% potentially dedicated to derivatives such as credit default swaps or other hedging instruments. This approach allows the fund to navigate credit market volatility while maintaining exposure to higher-yielding debt instruments.

As of the latest data, the Simplify High Yield Bond ETF (CDX) has an average trading volume of 46,320 shares over the past 20 days, with a last price of $23.10. Its short-term moving averages (SMA 20: $22.62, SMA 50: $22.27) suggest moderate upward momentum, while its long-term SMA 200 ($21.83) indicates a steady upward trend. The Average True Range (ATR) of 0.21 reflects relatively low volatility. The fund manages assets under management (AUM) of $136.16 million, positioning it as a mid-sized ETF in the high-yield bond category.