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 growth in short interest in the month of May. As of May 29th, there was short interest totaling 136,018 shares, a growth of 188.9% from the May 14th total of 47,084 shares. Based on an average daily volume of 841,314 shares, the days-to-cover ratio is currently 0.2 days. Currently, 3.1% of the company’s shares are sold short.

Hedge Funds Weigh In On Simplify Interest Rate Hedge ETF

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

Simplify Interest Rate Hedge ETF Trading Down 2.6%

NYSEARCA:PFIX opened at $46.16 on Friday. Simplify Interest Rate Hedge ETF has a 1-year low of $41.45 and a 1-year high of $61.20. The stock has a fifty day simple moving average of $46.82 and a 200 day simple moving average of $46.71.

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.