Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX – Get Free Report) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 47,439 shares, an increase of 236.3% from the April 15th total of 14,105 shares. Based on an average daily volume of 466,828 shares, the short-interest ratio is currently 0.1 days. Currently, 1.1% of the shares of the company are short sold.
Simplify Interest Rate Hedge ETF Price Performance
Shares of NYSEARCA:PFIX traded up $1.96 on Friday, hitting $50.32. The company had a trading volume of 354,228 shares, compared to its average volume of 619,365. Simplify Interest Rate Hedge ETF has a 1-year low of $41.45 and a 1-year high of $65.15. The stock has a 50 day moving average price of $46.09 and a 200 day moving average price of $46.49.
Hedge Funds Weigh In On Simplify Interest Rate Hedge ETF
Institutional investors and hedge funds have recently modified their holdings of the stock. Harbor Investment Advisory LLC acquired a new position in shares of Simplify Interest Rate Hedge ETF in the fourth quarter valued at $29,000. JPMorgan Chase & Co. increased its holdings in shares of Simplify Interest Rate Hedge ETF by 1,285.0% in the third quarter. JPMorgan Chase & Co. now owns 831 shares of the company’s stock valued at $40,000 after purchasing an additional 771 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of Simplify Interest Rate Hedge ETF in the first quarter valued at $44,000. Colonial Trust Co SC acquired a new position in shares of Simplify Interest Rate Hedge ETF in the fourth quarter valued at $48,000. Finally, Bank of Montreal Can grew its stake in shares of Simplify Interest Rate Hedge ETF by 168.7% in the fourth quarter. Bank of Montreal Can now owns 1,048 shares of the company’s stock valued at $50,000 after acquiring an additional 658 shares in the last quarter.
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.
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