Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) Sees Significant Increase in Short Interest

Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 383,704 shares, an increase of 42.8% from the March 15th total of 268,788 shares. Currently, 8.6% of the company’s stock are short sold. Based on an average daily trading volume, of 851,023 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On Simplify Interest Rate Hedge ETF

Hedge funds have recently added to or reduced their stakes in the business. Anchor Investment Management LLC increased its holdings in shares of Simplify Interest Rate Hedge ETF by 81.8% in the fourth quarter. Anchor Investment Management LLC now owns 9,225 shares of the company’s stock valued at $442,000 after purchasing an additional 4,150 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Simplify Interest Rate Hedge ETF in the fourth quarter valued at about $648,000. Hilltop Holdings Inc. acquired a new stake in shares of Simplify Interest Rate Hedge ETF during the 4th quarter worth about $2,027,000. MML Investors Services LLC lifted its stake in shares of Simplify Interest Rate Hedge ETF by 38.4% during the 4th quarter. MML Investors Services LLC now owns 11,900 shares of the company’s stock worth $570,000 after buying an additional 3,299 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of Simplify Interest Rate Hedge ETF by 14.9% during the 4th quarter. Jane Street Group LLC now owns 151,777 shares of the company’s stock worth $7,275,000 after buying an additional 19,636 shares during the period.

Simplify Interest Rate Hedge ETF Trading Up 1.3%

Simplify Interest Rate Hedge ETF stock traded up $0.59 during midday trading on Thursday, reaching $44.60. 629,341 shares of the company’s stock were exchanged, compared to its average volume of 693,571. The stock’s 50-day simple moving average is $44.85 and its 200 day simple moving average is $46.51. Simplify Interest Rate Hedge ETF has a 52 week low of $41.45 and a 52 week high of $65.15.

Simplify Interest Rate Hedge ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 24th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%.

About Simplify Interest Rate Hedge ETF

The Simplify Interest Rate Hedge ETF (PFIX) is an exchange-traded fund that mostly invests in spreads alternatives. The fund is actively managed to provide a hedge against a sharp increase in long-term interest rates. The fund holds OTC interest rate options, US Treasurys, and US Treasury Inflation-Protected Securities (TIPS). PFIX was launched on May 10, 2021 and is managed by Simplify.