Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) Stock Short Interest Report for October

Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 29,666 shares, a decrease of 81.4% from the September 30th total of 159,507 shares. Based on an average daily volume of 783,805 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.7% of the company’s stock are sold short.

Institutional Trading of Simplify Interest Rate Hedge ETF

Large investors have recently made changes to their positions in the stock. Bright Futures Wealth Management LLC. boosted its holdings in shares of Simplify Interest Rate Hedge ETF by 3.9% during the 3rd quarter. Bright Futures Wealth Management LLC. now owns 5,132 shares of the company’s stock worth $323,000 after buying an additional 195 shares during the period. Reyes Financial Architecture Inc. grew its stake in Simplify Interest Rate Hedge ETF by 39.6% in the 3rd quarter. Reyes Financial Architecture Inc. now owns 1,698 shares of the company’s stock valued at $107,000 after buying an additional 482 shares during the last quarter. Geneos Wealth Management Inc. bought a new position in Simplify Interest Rate Hedge ETF in the 1st quarter worth $44,000. Integrated Wealth Concepts LLC bought a new position in Simplify Interest Rate Hedge ETF in the 2nd quarter worth $87,000. Finally, Ball & Co Wealth Management Inc. bought a new position in Simplify Interest Rate Hedge ETF in the 1st quarter worth $97,000.

Simplify Interest Rate Hedge ETF Stock Down 0.7%

Shares of Simplify Interest Rate Hedge ETF stock traded down $0.42 during midday trading on Thursday, reaching $56.68. 1,016,810 shares of the company’s stock traded hands, compared to its average volume of 503,116. The company’s 50 day simple moving average is $56.46 and its 200 day simple moving average is $49.02. Simplify Interest Rate Hedge ETF has a 52 week low of $41.37 and a 52 week high of $68.11.

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.