Simplify Bond Bull ETF (NYSEARCA:RFIX) Sees Significant Decline in Short Interest

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

Simplify Bond Bull ETF Stock Performance

NYSEARCA:RFIX opened at $35.30 on Monday. The stock has a 50-day moving average price of $37.30 and a 200 day moving average price of $38.91. Simplify Bond Bull ETF has a 12-month low of $34.76 and a 12-month high of $45.79.

Hedge Funds Weigh In On Simplify Bond Bull ETF

Several institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. lifted 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 purchasing an additional 1,018 shares in the last quarter. Principal Securities Inc. increased its holdings in shares of Simplify Bond Bull ETF by 33.4% in the fourth quarter. Principal Securities Inc. now owns 10,443 shares of the company’s stock worth $379,000 after purchasing an additional 2,613 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Simplify Bond Bull ETF in the second quarter worth about $195,000. Prosperity Wealth Management Inc. lifted its position in shares of Simplify Bond Bull ETF by 63.3% in the third quarter. Prosperity Wealth Management Inc. now owns 26,452 shares of the company’s stock worth $1,130,000 after buying an additional 10,256 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Simplify Bond Bull ETF during the 1st quarter worth approximately $599,000.

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.