Simplify Bond Bull ETF (NYSEARCA:RFIX – Get Free Report) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 77,494 shares, a growth of 7,719.8% from the June 15th total of 991 shares. Based on an average daily volume of 487,525 shares, the days-to-cover ratio is currently 0.2 days. Approximately 5.5% of the company’s stock are short sold.
Institutional Investors Weigh In On Simplify Bond Bull ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC boosted its holdings in Simplify Bond Bull ETF by 3,650.8% in the second quarter. Jane Street Group LLC now owns 420,274 shares of the company’s stock worth $20,434,000 after acquiring an additional 409,069 shares in the last quarter. Prosperity Wealth Management Inc. increased its holdings in shares of Simplify Bond Bull ETF by 63.3% during the third quarter. Prosperity Wealth Management Inc. now owns 26,452 shares of the company’s stock valued at $1,130,000 after acquiring an additional 10,256 shares in the last quarter. True Wealth Design LLC increased its holdings in shares of Simplify Bond Bull ETF by 5.0% during the fourth quarter. True Wealth Design LLC now owns 166,412 shares of the company’s stock valued at $6,039,000 after acquiring an additional 7,973 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Simplify Bond Bull ETF in the 2nd quarter valued at approximately $195,000. Finally, Principal Securities Inc. raised its position in shares of Simplify Bond Bull ETF by 33.4% in the 4th quarter. Principal Securities Inc. now owns 10,443 shares of the company’s stock valued at $379,000 after purchasing an additional 2,613 shares during the last quarter.
Simplify Bond Bull ETF Stock Performance
Shares of RFIX traded down $0.47 during midday trading on Friday, hitting $37.45. 162,318 shares of the company’s stock traded hands, compared to its average volume of 624,281. Simplify Bond Bull ETF has a 1 year low of $35.31 and a 1 year high of $46.25. The firm’s fifty day moving average is $38.79 and its 200-day moving average is $38.92.
About Simplify Bond Bull ETF
The Simplify Downside Interest Rate Hedge Strategy ETF (RFIX) is an exchange-traded fund that mostly invests in spreads alternatives. The fund is actively managed, seeking interest rate protection against the decrease in long-term interest rates and income generation in volatile market conditions. Investments include OTC interest-rate derivatives, US Treasurys, TIPS, and investment-grade bonds of any maturities. RFIX was launched on Dec 9, 2024 and is issued by Simplify.
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