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

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

Hedge Funds Weigh In On Simplify Interest Rate Hedge ETF

Several large investors have recently modified their holdings of the business. Geneos Wealth Management Inc. purchased a new position in shares of Simplify Interest Rate Hedge ETF during the 1st quarter worth $44,000. Integrated Wealth Concepts LLC acquired a new position in Simplify Interest Rate Hedge ETF in the second quarter valued at about $87,000. Ball & Co Wealth Management Inc. acquired a new position in Simplify Interest Rate Hedge ETF in the first quarter valued at about $97,000. Griffin Asset Management Inc. purchased a new position in Simplify Interest Rate Hedge ETF during the first quarter worth about $308,000. Finally, Anchor Investment Management LLC boosted its stake in Simplify Interest Rate Hedge ETF by 81.8% during the fourth quarter. Anchor Investment Management LLC now owns 9,225 shares of the company’s stock worth $442,000 after buying an additional 4,150 shares during the period.

Simplify Interest Rate Hedge ETF Stock Down 2.8%

Shares of NYSEARCA PFIX traded down $1.51 during midday trading on Monday, reaching $51.86. 155,671 shares of the stock were exchanged, compared to its average volume of 473,517. The company has a 50 day simple moving average of $50.07 and a 200 day simple moving average of $47.30. Simplify Interest Rate Hedge ETF has a twelve month low of $41.37 and a twelve month high of $54.63.

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.