Simplify Bond Bull ETF (NYSEARCA:RFIX) Short Interest Down 37.8% in August

Simplify Bond Bull ETF (NYSEARCA:RFIX) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 50,291 shares, a drop of 37.8% from the July 30th total of 80,893 shares. Approximately 4.1% of the shares of the company are short sold. Based on an average trading volume of 291,280 shares, the days-to-cover ratio is currently 0.2 days.

Simplify Bond Bull ETF Stock Up 1.1%

RFIX traded up $0.38 on Wednesday, reaching $34.96. The stock had a trading volume of 76,632 shares, compared to its average volume of 539,820. Simplify Bond Bull ETF has a 12-month low of $34.42 and a 12-month high of $45.79. The business’s 50-day moving average price is $37.13 and its two-hundred day moving average price is $38.86.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RFIX. Northwestern Mutual Wealth Management Co. acquired a new stake in Simplify Bond Bull ETF during the second quarter worth about $195,000. Envestnet Asset Management Inc. boosted its holdings in Simplify Bond Bull ETF by 14.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 7,830 shares of the company’s stock valued at $334,000 after acquiring an additional 1,018 shares during the period. Principal Securities Inc. boosted its holdings in Simplify Bond Bull ETF by 33.4% during the 4th quarter. Principal Securities Inc. now owns 10,443 shares of the company’s stock valued at $379,000 after acquiring an additional 2,613 shares during the period. Jane Street Group LLC acquired a new position in Simplify Bond Bull ETF in the 1st quarter valued at about $599,000. Finally, Prosperity Wealth Management Inc. grew its position in Simplify Bond Bull ETF by 63.3% in the 3rd quarter. Prosperity Wealth Management Inc. now owns 26,452 shares of the company’s stock valued at $1,130,000 after acquiring an additional 10,256 shares in the last quarter.

Simplify Bond Bull ETF Company Profile

The Simplify Downside Interest Rate Hedge Strategy ETF (RFIX) is an exchange-traded fund that mostly invests in spreads alternatives. The fund is actively managed, seeking interest rate protection against the decrease in long-term interest rates and income generation in volatile market conditions. Investments include OTC interest-rate derivatives, US Treasurys, TIPS, and investment-grade bonds of any maturities. RFIX was launched on Dec 9, 2024 and is issued by Simplify.