Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) Stock Short Interest Report for October

Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 29,666 shares, a drop of 81.4% from the September 30th total of 159,507 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 783,805 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On Simplify Interest Rate Hedge ETF

Several large investors have recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. bought a new stake in Simplify Interest Rate Hedge ETF in the 3rd quarter valued at $912,000. FSA Investment Group LLC increased its holdings in Simplify Interest Rate Hedge ETF by 36.4% during the 3rd quarter. FSA Investment Group LLC now owns 41,485 shares of the company’s stock worth $2,609,000 after purchasing an additional 11,063 shares in the last quarter. CVS HEALTH Corp bought a new position in Simplify Interest Rate Hedge ETF during the 1st quarter worth about $670,000. Farther Finance Advisors LLC increased its holdings in Simplify Interest Rate Hedge ETF by 2,725.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 15,684 shares of the company’s stock worth $986,000 after purchasing an additional 15,129 shares in the last quarter. Finally, Anchor Investment Management LLC raised its stake 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.

Simplify Interest Rate Hedge ETF Stock Down 2.5%

Shares of PFIX opened at $56.01 on Tuesday. Simplify Interest Rate Hedge ETF has a twelve month low of $41.37 and a twelve month high of $68.11. The firm’s 50 day moving average price is $56.36 and its two-hundred day moving average price is $48.92.

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.