Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) Sees Large Decline in Short Interest

Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) was the target of a large drop in short interest during 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. Based on an average trading volume of 783,805 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.7% of the company’s shares are sold short.

Institutional Trading of Simplify Interest Rate Hedge ETF

A number of large investors have recently made changes to their positions in PFIX. Drum Hill Capital LLC raised its stake in Simplify Interest Rate Hedge ETF by 1.9% during the 3rd quarter. Drum Hill Capital LLC now owns 148,265 shares of the company’s stock worth $9,324,000 after buying an additional 2,809 shares during the period. FSA Investment Group LLC grew its stake in Simplify Interest Rate Hedge ETF by 36.4% in the third quarter. FSA Investment Group LLC now owns 41,485 shares of the company’s stock valued at $2,609,000 after acquiring an additional 11,063 shares during the period. Oppenheimer & Co. Inc. bought a new stake in shares of Simplify Interest Rate Hedge ETF in the third quarter worth about $2,384,000. Anchor Investment Management LLC increased its holdings in shares of Simplify Interest Rate Hedge ETF by 121.6% in the first quarter. Anchor Investment Management LLC now owns 20,445 shares of the company’s stock worth $945,000 after acquiring an additional 11,220 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of Simplify Interest Rate Hedge ETF by 2,725.9% in the third quarter. Farther Finance Advisors LLC now owns 15,684 shares of the company’s stock worth $986,000 after acquiring an additional 15,129 shares in the last quarter.

Simplify Interest Rate Hedge ETF Stock Performance

Shares of NYSEARCA PFIX opened at $56.01 on Tuesday. Simplify Interest Rate Hedge ETF has a 52-week low of $41.37 and a 52-week high of $68.11. The firm has a 50 day moving average price of $56.36 and a 200 day moving average price of $48.92.

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.