Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) Short Interest Up 188.9% in May

Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) was the target of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 136,018 shares, a growth of 188.9% from the May 14th total of 47,084 shares. Currently, 3.1% of the shares of the company are short sold. Based on an average trading volume of 841,314 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Simplify Interest Rate Hedge ETF

A number of hedge funds have recently modified their holdings of the business. CVS HEALTH Corp bought a new stake in shares of Simplify Interest Rate Hedge ETF during the 1st quarter valued at $670,000. Geneos Wealth Management Inc. bought a new stake in shares of Simplify Interest Rate Hedge ETF during the 1st quarter valued at $44,000. Anchor Investment Management LLC grew its position in shares of Simplify Interest Rate Hedge ETF by 121.6% during the 1st quarter. Anchor Investment Management LLC now owns 20,445 shares of the company’s stock valued at $945,000 after acquiring an additional 11,220 shares during the period. Ball & Co Wealth Management Inc. bought a new stake in shares of Simplify Interest Rate Hedge ETF during the 1st quarter valued at $97,000. Finally, Griffin Asset Management Inc. bought a new stake in shares of Simplify Interest Rate Hedge ETF during the 1st quarter valued at $308,000.

Simplify Interest Rate Hedge ETF Trading Down 1.3%

Shares of PFIX stock traded down $0.61 during mid-day trading on Friday, reaching $45.55. 338,263 shares of the company’s stock traded hands, compared to its average volume of 623,489. Simplify Interest Rate Hedge ETF has a 12 month low of $41.45 and a 12 month high of $61.20. The firm has a 50 day moving average price of $46.82 and a two-hundred day moving average price of $46.70.

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.