Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) Sees Significant Drop in Short Interest

Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) was the recipient of a significant decline in short interest in the month of January. As of January 30th, there was short interest totaling 53,129 shares, a decline of 56.9% from the January 15th total of 123,294 shares. Currently, 1.5% of the company’s shares are sold short. Based on an average daily volume of 555,343 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 555,343 shares, the days-to-cover ratio is currently 0.1 days. Currently, 1.5% of the company’s shares are sold short.

Institutional Trading of Simplify Interest Rate Hedge ETF

A number of large investors have recently modified their holdings of PFIX. Trek Financial LLC purchased a new position in Simplify Interest Rate Hedge ETF during the 4th quarter worth $11,986,000. Commonwealth Equity Services LLC grew its position in shares of Simplify Interest Rate Hedge ETF by 189.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 193,913 shares of the company’s stock worth $9,294,000 after buying an additional 126,991 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Simplify Interest Rate Hedge ETF by 885.6% during the third quarter. Envestnet Asset Management Inc. now owns 84,374 shares of the company’s stock valued at $4,064,000 after buying an additional 75,813 shares during the period. Ausdal Financial Partners Inc. raised its holdings in shares of Simplify Interest Rate Hedge ETF by 599.5% in the third quarter. Ausdal Financial Partners Inc. now owns 86,032 shares of the company’s stock valued at $4,144,000 after acquiring an additional 73,733 shares in the last quarter. Finally, Advyzon Investment Management LLC raised its holdings in shares of 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 valued at $2,980,000 after acquiring an additional 40,982 shares in the last quarter.

Simplify Interest Rate Hedge ETF Trading Down 2.4%

PFIX stock traded down $1.06 during trading on Friday, hitting $43.25. The company had a trading volume of 477,781 shares, compared to its average volume of 495,266. Simplify Interest Rate Hedge ETF has a 52-week low of $43.23 and a 52-week high of $65.15. The company has a 50 day simple moving average of $47.63 and a 200-day simple moving average of $48.82.

Simplify Interest Rate Hedge ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Tuesday, January 27th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, January 27th. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%.

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.