Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) Sees Large Growth in Short Interest

Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) saw a significant growth in short interest in March. As of March 13th, there was short interest totaling 268,788 shares, a growth of 668.4% from the February 26th total of 34,978 shares. Approximately 7.4% of the shares of the stock are short sold. Based on an average daily volume of 1,046,774 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Simplify Interest Rate Hedge ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FSA Investment Group LLC acquired a new position in shares of Simplify Interest Rate Hedge ETF during the 3rd quarter worth about $759,000. Advyzon Investment Management LLC boosted its holdings in Simplify Interest Rate Hedge ETF by 196.3% in the 3rd quarter. Advyzon Investment Management LLC now owns 61,855 shares of the company’s stock worth $2,980,000 after buying an additional 40,982 shares during the last quarter. Choreo LLC acquired a new stake in Simplify Interest Rate Hedge ETF in the 3rd quarter worth about $629,000. Envestnet Asset Management Inc. increased its stake in Simplify Interest Rate Hedge ETF by 885.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 84,374 shares of the company’s stock worth $4,064,000 after buying an additional 75,813 shares in the last quarter. Finally, Ausdal Financial Partners Inc. increased its stake in Simplify Interest Rate Hedge ETF by 599.5% during 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 in the last quarter.

Simplify Interest Rate Hedge ETF Stock Up 4.0%

Shares of Simplify Interest Rate Hedge ETF stock traded up $1.90 on Thursday, reaching $48.83. The company’s stock had a trading volume of 456,953 shares, compared to its average volume of 631,644. Simplify Interest Rate Hedge ETF has a 52-week low of $41.45 and a 52-week high of $65.15. The stock has a 50-day moving average price of $45.19 and a 200-day moving average price of $46.73.

Simplify Interest Rate Hedge ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 24th were issued a $0.10 dividend. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Tuesday, February 24th.

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.