Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) Short Interest Update

Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) saw a large decline in short interest in August. As of August 31st, there was short interest totaling 68,974 shares, a decline of 64.1% from the August 15th total of 192,371 shares. Based on an average trading volume of 220,309 shares, the short-interest ratio is currently 0.3 days. Approximately 2.0% of the company’s stock are sold short.

Institutional Trading of Simplify Interest Rate Hedge ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of PFIX. Drum Hill Capital LLC increased its holdings in shares of Simplify Interest Rate Hedge ETF by 25.9% in the 1st quarter. Drum Hill Capital LLC now owns 143,638 shares of the company’s stock valued at $6,640,000 after acquiring an additional 29,592 shares during the last quarter. HighTower Advisors LLC purchased a new stake in Simplify Interest Rate Hedge ETF during the fourth quarter worth approximately $1,109,000. CVS HEALTH Corp purchased a new stake in Simplify Interest Rate Hedge ETF during the first quarter worth approximately $670,000. Anchor Investment Management LLC boosted its holdings in Simplify Interest Rate Hedge ETF by 121.6% in the first 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 in the last quarter. Finally, Geneos Wealth Management Inc. acquired a new position in Simplify Interest Rate Hedge ETF in the first quarter valued at approximately $44,000.

Simplify Interest Rate Hedge ETF Trading Down 0.2%

Shares of NYSEARCA:PFIX traded down $0.13 during trading hours on Friday, reaching $53.37. The stock had a trading volume of 69,527 shares, compared to its average volume of 475,339. Simplify Interest Rate Hedge ETF has a 1 year low of $41.37 and a 1 year high of $54.63. The firm’s 50 day moving average is $50.07 and its 200-day moving average is $47.27.

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.