Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) Short Interest Up 258.7% in December

Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totaling 107,965 shares, an increase of 258.7% from the November 30th total of 30,103 shares. Based on an average daily volume of 323,432 shares, the short-interest ratio is presently 0.3 days. Currently, 3.2% of the shares of the company are short sold. Currently, 3.2% of the shares of the company are short sold. Based on an average daily volume of 323,432 shares, the short-interest ratio is presently 0.3 days.

Simplify Interest Rate Hedge ETF Stock Performance

PFIX stock traded up $0.19 during trading on Friday, hitting $47.21. The company had a trading volume of 394,221 shares, compared to its average volume of 236,164. The business has a 50-day moving average of $47.60 and a 200-day moving average of $51.30. Simplify Interest Rate Hedge ETF has a one year low of $43.65 and a one year high of $65.15.

Institutional Investors Weigh In On Simplify Interest Rate Hedge ETF

Several hedge funds and other institutional investors have recently modified their holdings of PFIX. Mercer Global Advisors Inc. ADV lifted its holdings in Simplify Interest Rate Hedge ETF by 2.9% during the third quarter. Mercer Global Advisors Inc. ADV now owns 8,930 shares of the company’s stock worth $430,000 after acquiring an additional 250 shares during the period. Ausdal Financial Partners Inc. boosted its holdings in shares of Simplify Interest Rate Hedge ETF by 599.5% in the 3rd quarter. Ausdal Financial Partners Inc. now owns 86,032 shares of the company’s stock worth $4,144,000 after buying an additional 73,733 shares during the last quarter. Global Endowment Management LP grew its position in Simplify Interest Rate Hedge ETF by 100.0% during the third quarter. Global Endowment Management LP now owns 8,000 shares of the company’s stock valued at $385,000 after buying an additional 4,000 shares during the period. Choreo LLC purchased a new stake in Simplify Interest Rate Hedge ETF during the third quarter worth about $629,000. Finally, Advyzon Investment Management LLC raised its position in Simplify Interest Rate Hedge ETF by 196.3% in the third quarter. Advyzon Investment Management LLC now owns 61,855 shares of the company’s stock worth $2,980,000 after acquiring an additional 40,982 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). PFIX was launched on May 10, 2021 and is managed by Simplify.