Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) Sees Large Growth in Short Interest

Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 47,439 shares, an increase of 236.3% from the April 15th total of 14,105 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average daily trading volume, of 466,828 shares, the short-interest ratio is presently 0.1 days.

Simplify Interest Rate Hedge ETF Price Performance

PFIX traded down $0.39 during mid-day trading on Thursday, reaching $48.36. 179,908 shares of the company traded hands, compared to its average volume of 622,247. The company’s fifty day moving average price is $45.93 and its 200-day moving average price is $46.46. Simplify Interest Rate Hedge ETF has a 52-week low of $41.45 and a 52-week high of $65.15.

Institutional Investors Weigh In On Simplify Interest Rate Hedge ETF

A number of hedge funds have recently modified their holdings of the business. CVS HEALTH Corp bought a new stake in shares of Simplify Interest Rate Hedge ETF during the 1st quarter valued at $670,000. Geneos Wealth Management Inc. bought a new stake in shares of Simplify Interest Rate Hedge ETF during the 1st quarter valued at $44,000. Anchor Investment Management LLC grew its position in shares of Simplify Interest Rate Hedge ETF by 121.6% during the 1st quarter. Anchor Investment Management LLC now owns 20,445 shares of the company’s stock valued at $945,000 after acquiring an additional 11,220 shares during the period. Ball & Co Wealth Management Inc. bought a new stake in shares of Simplify Interest Rate Hedge ETF during the 1st quarter valued at $97,000. Finally, Griffin Asset Management Inc. bought a new stake in shares of Simplify Interest Rate Hedge ETF during the 1st quarter valued at $308,000.

Simplify Interest Rate Hedge ETF Company Profile

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.