New Fund Name for the Simplify High Yield PLUS Credit Hedge ETF (CDX)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 10 2025
0mins
Source: Businesswire
ETF Name Change Announcement: Simplify Asset Management has renamed the Simplify High Yield PLUS Credit Hedge ETF to Simplify High Yield ETF, effective February 10, 2025.
Investment Risks and Considerations: The announcement includes important information regarding the risks associated with investing in ETFs, including potential loss of principal, reliance on the Futures Adviser’s judgments, and the volatility of derivative instruments.
Analyst Views on CDX
Wall Street analysts forecast CDX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CDX is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 22.310
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
