Short Interest in Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) Grows By 258.7%

Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 107,965 shares, an increase of 258.7% from the November 30th total of 30,103 shares. Based on an average daily volume of 323,432 shares, the days-to-cover ratio is currently 0.3 days. Approximately 3.2% of the shares of the stock are sold short. Approximately 3.2% of the shares of the stock are sold short. Based on an average daily volume of 323,432 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Simplify Interest Rate Hedge ETF

Institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC boosted its stake in shares of Simplify Interest Rate Hedge ETF by 114.5% during the 1st quarter. Jane Street Group LLC now owns 406,222 shares of the company’s stock worth $19,686,000 after purchasing an additional 216,875 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Simplify Interest Rate Hedge ETF by 885.6% in the third quarter. Envestnet Asset Management Inc. now owns 84,374 shares of the company’s stock worth $4,064,000 after buying an additional 75,813 shares during the period. Ausdal Financial Partners Inc. grew its holdings in Simplify Interest Rate Hedge ETF by 599.5% during the 3rd quarter. Ausdal Financial Partners Inc. now owns 86,032 shares of the company’s stock valued at $4,144,000 after purchasing an additional 73,733 shares in the last quarter. Holcombe Financial Inc. increased its position in shares of Simplify Interest Rate Hedge ETF by 132.9% during the second quarter. Holcombe Financial Inc. now owns 83,964 shares of the company’s stock worth $4,437,000 after acquiring an additional 47,907 shares during the last quarter. Finally, Advyzon Investment Management LLC increased its holdings in Simplify Interest Rate Hedge ETF by 196.3% during the 3rd quarter. Advyzon Investment Management LLC now owns 61,855 shares of the company’s stock worth $2,980,000 after purchasing an additional 40,982 shares during the last quarter.

Simplify Interest Rate Hedge ETF Stock Down 1.7%

NYSEARCA PFIX traded down $0.82 on Thursday, reaching $47.02. The stock had a trading volume of 27,220 shares, compared to its average volume of 235,521. Simplify Interest Rate Hedge ETF has a 12-month low of $43.65 and a 12-month high of $65.15. The stock has a fifty day moving average price of $47.58 and a two-hundred day moving average price of $51.41.

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.