Simplify Bond Bull ETF (NYSEARCA:RFIX) Sees Large Drop in Short Interest

Simplify Bond Bull ETF (NYSEARCA:RFIX) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totaling 3,035 shares, a decline of 51.0% from the April 30th total of 6,199 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 341,340 shares, the days-to-cover ratio is currently 0.0 days.

Simplify Bond Bull ETF Trading Up 0.8%

Simplify Bond Bull ETF stock traded up $0.31 during trading on Wednesday, hitting $38.62. 547,884 shares of the company were exchanged, compared to its average volume of 654,636. The business’s 50 day moving average is $39.37 and its 200 day moving average is $39.21. Simplify Bond Bull ETF has a 52 week low of $35.31 and a 52 week high of $49.36.

Institutional Investors Weigh In On Simplify Bond Bull ETF

Several institutional investors have recently bought and sold shares of RFIX. Cove Street Capital LLC lifted its holdings in Simplify Bond Bull ETF by 59.5% during the 3rd quarter. Cove Street Capital LLC now owns 2,075 shares of the company’s stock worth $89,000 after purchasing an additional 774 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Simplify Bond Bull ETF by 14.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 7,830 shares of the company’s stock worth $334,000 after acquiring an additional 1,018 shares during the last quarter. Principal Securities Inc. raised its holdings in shares of 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 buying an additional 2,613 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Simplify Bond Bull ETF during the 2nd quarter valued at about $195,000. Finally, True Wealth Design LLC increased its stake in Simplify Bond Bull ETF by 5.0% in the 4th quarter. True Wealth Design LLC now owns 166,412 shares of the company’s stock worth $6,039,000 after purchasing an additional 7,973 shares during the period.

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.