Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX – Get Free Report) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 68,974 shares, a decline of 64.1% from the August 15th total of 192,371 shares. Approximately 2.0% of the company’s stock are sold short. Based on an average daily trading volume, of 220,309 shares, the days-to-cover ratio is presently 0.3 days.
Institutional Investors Weigh In On Simplify Interest Rate Hedge ETF
A number of institutional investors and hedge funds have recently bought and sold shares of PFIX. Integrated Wealth Concepts LLC purchased a new position in shares of Simplify Interest Rate Hedge ETF during the second quarter worth about $87,000. CVS HEALTH Corp acquired a new stake in shares of Simplify Interest Rate Hedge ETF during the first quarter worth about $670,000. Geneos Wealth Management Inc. acquired a new stake in shares of Simplify Interest Rate Hedge ETF during the first quarter worth about $44,000. Anchor Investment Management LLC lifted its holdings in shares of Simplify Interest Rate Hedge ETF by 121.6% in the 1st quarter. Anchor Investment Management LLC now owns 20,445 shares of the company’s stock valued at $945,000 after purchasing an additional 11,220 shares during the last quarter. Finally, Ball & Co Wealth Management Inc. purchased a new stake in shares of Simplify Interest Rate Hedge ETF in the 1st quarter valued at about $97,000.
Simplify Interest Rate Hedge ETF Trading Down 0.2%
Shares of Simplify Interest Rate Hedge ETF stock traded down $0.13 during trading hours on Friday, hitting $53.37. The company had a trading volume of 69,527 shares, compared to its average volume of 475,339. The company’s 50-day moving average is $50.07 and its two-hundred day moving average is $47.27. Simplify Interest Rate Hedge ETF has a twelve month low of $41.37 and a twelve month high of $54.63.
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.
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