Short Interest in Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) Grows By 236.3%

Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 47,439 shares, a growth of 236.3% from the April 15th total of 14,105 shares. Based on an average daily volume of 466,828 shares, the short-interest ratio is currently 0.1 days. Currently, 1.1% of the company’s shares are sold short.

Simplify Interest Rate Hedge ETF Stock Up 4.1%

NYSEARCA:PFIX traded up $1.96 on Friday, hitting $50.32. The stock had a trading volume of 354,228 shares, compared to its average volume of 619,365. The business’s fifty day moving average is $46.09 and its 200 day moving average is $46.49. Simplify Interest Rate Hedge ETF has a 52 week low of $41.45 and a 52 week high of $65.15.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Savvy Advisors Inc. purchased a new stake in shares of Simplify Interest Rate Hedge ETF during the fourth quarter valued at approximately $536,000. Choreo LLC purchased a new stake in shares of Simplify Interest Rate Hedge ETF during the third quarter valued at approximately $629,000. FSA Investment Group LLC purchased a new stake in shares of Simplify Interest Rate Hedge ETF during the third quarter valued at approximately $759,000. Ausdal Financial Partners Inc. increased its position in shares of Simplify Interest Rate Hedge ETF by 599.5% during the third quarter. Ausdal Financial Partners Inc. now owns 86,032 shares of the company’s stock valued at $4,144,000 after acquiring an additional 73,733 shares during the last quarter. Finally, Advyzon Investment Management LLC increased its position in shares of Simplify Interest Rate Hedge ETF by 196.3% during the third quarter. Advyzon Investment Management LLC now owns 61,855 shares of the company’s stock valued at $2,980,000 after acquiring an additional 40,982 shares during the last quarter.

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.