Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) Trading 0.3% Higher – Here’s Why

Shares of Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) shot up 0.3% during mid-day trading on Monday . The company traded as high as $51.21 and last traded at $50.20. 56,195 shares changed hands during mid-day trading, a decline of 40% from the average session volume of 94,059 shares. The stock had previously closed at $50.07.

Simplify Interest Rate Hedge ETF Stock Up 0.1 %

The stock has a fifty day moving average of $45.37 and a 200 day moving average of $45.53.

Institutional Trading of Simplify Interest Rate Hedge ETF

Several hedge funds and other institutional investors have recently bought and sold shares of PFIX. Comerica Bank lifted its position in Simplify Interest Rate Hedge ETF by 41.6% during the first quarter. Comerica Bank now owns 1,361 shares of the company’s stock valued at $61,000 after purchasing an additional 400 shares during the period. Fortis Capital Advisors LLC purchased a new stake in shares of Simplify Interest Rate Hedge ETF in the second quarter worth about $276,000. Sanctuary Advisors LLC acquired a new stake in Simplify Interest Rate Hedge ETF during the second quarter worth about $300,000. Fortis Group Advisors LLC raised its position in Simplify Interest Rate Hedge ETF by 7.8% during the second quarter. Fortis Group Advisors LLC now owns 11,976 shares of the company’s stock valued at $573,000 after acquiring an additional 868 shares in the last quarter. Finally, Hilltop Holdings Inc. lifted its holdings in Simplify Interest Rate Hedge ETF by 1.8% in the third quarter. Hilltop Holdings Inc. now owns 15,355 shares of the company’s stock valued at $631,000 after acquiring an additional 266 shares during the period.

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).