Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) Short Interest Update

Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 68,974 shares, a decrease of 64.1% from the August 15th total of 192,371 shares. Approximately 2.0% of the shares of the stock are short sold. Based on an average daily volume of 220,309 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On Simplify Interest Rate Hedge ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Drum Hill Capital LLC boosted its stake in shares of Simplify Interest Rate Hedge ETF by 25.9% during the 1st quarter. Drum Hill Capital LLC now owns 143,638 shares of the company’s stock valued at $6,640,000 after purchasing an additional 29,592 shares in the last quarter. HighTower Advisors LLC purchased a new position in Simplify Interest Rate Hedge ETF in the fourth quarter worth about $1,109,000. CVS HEALTH Corp purchased a new position in Simplify Interest Rate Hedge ETF in the 1st quarter worth approximately $670,000. Anchor Investment Management LLC boosted its position in shares of Simplify Interest Rate Hedge ETF by 121.6% during the first quarter. Anchor Investment Management LLC now owns 20,445 shares of the company’s stock valued at $945,000 after buying an additional 11,220 shares during the last quarter. Finally, Griffin Asset Management Inc. bought a new stake in shares of Simplify Interest Rate Hedge ETF in the first quarter worth approximately $308,000.

Simplify Interest Rate Hedge ETF Stock Performance

PFIX opened at $51.86 on Tuesday. The company has a fifty day moving average price of $50.21 and a 200-day moving average price of $47.36. Simplify Interest Rate Hedge ETF has a one year low of $41.37 and a one year high of $54.63.

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.