Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) Short Interest Update

Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) saw a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 36,521 shares, a drop of 66.2% from the December 15th total of 107,965 shares. Based on an average daily trading volume, of 459,590 shares, the short-interest ratio is currently 0.1 days. Currently, 1.2% of the shares of the company are short sold. Currently, 1.2% of the shares of the company are short sold. Based on an average daily trading volume, of 459,590 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Simplify Interest Rate Hedge ETF

Large investors have recently modified their holdings of the stock. Harbor Investment Advisory LLC bought a new stake in shares of Simplify Interest Rate Hedge ETF in the fourth quarter valued at approximately $29,000. JPMorgan Chase & Co. raised its holdings in Simplify Interest Rate Hedge ETF by 1,285.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 831 shares of the company’s stock valued at $40,000 after acquiring an additional 771 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Simplify Interest Rate Hedge ETF during the 2nd quarter valued at $53,000. Reyes Financial Architecture Inc. bought a new stake in shares of Simplify Interest Rate Hedge ETF during the 2nd quarter valued at $71,000. Finally, Simplex Trading LLC grew its holdings in shares of Simplify Interest Rate Hedge ETF by 3,462.6% during the 2nd quarter. Simplex Trading LLC now owns 4,382 shares of the company’s stock worth $231,000 after purchasing an additional 4,259 shares in the last quarter.

Simplify Interest Rate Hedge ETF Stock Down 0.7%

Shares of PFIX stock traded down $0.34 during trading on Wednesday, reaching $46.07. 347,275 shares of the company’s stock were exchanged, compared to its average volume of 498,964. Simplify Interest Rate Hedge ETF has a twelve month low of $43.65 and a twelve month high of $65.15. The firm’s fifty day moving average price is $48.13 and its 200-day moving average price is $50.48.

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.